Dividend.com: Don't Take Visa (Updated)

Editor's note: With this article, TheStreet.com introduces Dividend.com, a financial services Web site focused on providing comprehensive dividend stock coverage and ratings.

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Updated from 3:28 p.m. EDT

We removed credit card giant Visa(V Quote) from our "Recommended" dividend stocks list. Our downgrade was based mainly upon the slowing consumer market and Visa's recent poor stock performance.

Visa has seen its shares lose nearly 26% in the last two months, with investors concerned about consumer weakness. The company makes its money from credit-card transaction processing, as opposed to making loans, so they've been able to avoid a lot of the debacle afflicting the financial services sector. ...