Visa tops earnings expectations, boosts dividend

Shares of Visa Inc. gained somewhat successful the aftermarket league aft the payments elephantine topped net and gross estimates portion boosting its quarterly dividend.

The institution posted fiscal fourth-quarter nett income of $3.6 billion, oregon $1.65 a share, up from $2.1 billion, oregon 97 cents a share, a twelvemonth earlier. On an adjusted basis, Visa earned $1.62 a share, up from $1.12 a twelvemonth prior. The FactSet statement was for $1.56 a stock successful GAAP net and $1.55 a stock successful adjusted earnings.

Visa’s...