Visa Inc (V) will raise its quarterly dividend by 16.7 percent to $0.14 per share in the fourth quarter of 2015. This dividend is adjusted for the stock split earlier this year.

The increased dividend is payable on December 1, 2015, to all holders of record as of November 13, 2015. The ex-date for this next dividend of 14 cents is November 10, 2015.

Visa Inc., is a global payments technology company working to enable consumers, businesses, banks and governments to use digital currency. 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 operates in a four party model, which includes card issuing financial institutions, acquirers, and merchants. The company 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.