Visa Inc (V)  will raise its quarterly dividend by 20.0 percent to $0.48 per share in the fourth quarter of 2014. This follows a seven cent dividend increase last year.

The increased dividend is payable on December 2, 2014, to all holders of record as of November 14, 2014. The ex-date for this next dividend of 48 cents is November 12, 2014.

Visa Inc., is a payments technology company enabling electronic payments for consumers, businesses, banks and governments worldwide. The company's transaction processing network, VisaNet, enables authorization, clearing, and settlement of payment transactions and provides financial institution and merchant clients with a range of products, platforms, and value-added services. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for account holders on Visa products. Its financial institution clients are responsible for managing account holder and merchant relationships.