Visa (V) will raise its quarterly dividend by 7.7 percent to $0.21 per share in the first quarter of 2018. This comes just one quarter after the credit card company hiked its dividend by 18.2 percent.

The increased dividend is payable on March 6, 2018, to all holders of record as of February 16, 2018. The ex-date for this next dividend of 21 cents is February 15, 2018. Visa has now raised its dividend for ten straight years.

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.