Visa and Mastercard both present relatively small dividend yields at just 0.7% and 0.5%, respectively. But both companies have a strong track record of raising their payouts.
Visa has recorded five-year annualized dividend growth of 19%, while Mastercard sports a staggering 30% growth record in that metric. Moreover, Visa and Mastercard are on track to post remarkable earnings and revenue growth over the next few years.
Visa has also been busy modernizing its business. The payments behemoth partners with PayPal PYPL and European online payments company Klarna, and just today, it announced a new relationship with Ingo Money, a firm looking to speed up the check cashing and Automated Clearing House processes.