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Visa (V) Stock Higher After Raising Dividend

NEW YORK (TheStreet) -- Shares of Visa (V) were climbing in early-morning trading on Wednesday after the credit card company increased its quarterly dividend by 18%.

Visa's board declared a quarterly dividend of 16.5 cents per share, up from 14 cents a share previously.

The dividend will be payable on December 6 to shareholders of record as of November 18.

(Visa is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial...