The ex-dividend date for Visa (NYSE:V) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $179.67 as of 9:31 a.m., the dividend yield is 0.7%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Visa (NYSE: V) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $179.67 as of 9:31 a.m. ET, the dividend yield is 0.7%. The average volume for Visa has been three million shares per day over the past 30 days. Visa has a market cap of $92.58 billion and is part of the financial sector and financial services industry. Shares are up 18% year to date as of the close of trading on Monday. Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 49.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Visa Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.