This Dividend Stock Is a Good Bet Regardless of Market Conditions
Dividend stocks come in all shapes and sizes, but their ability to pay and raise their payout is what matters at the end of the day. There might not be a more resilient dividend stock than payment technology company Visa (NYSE: V). The company doesn't have a decades-long track record like some other popular dividend names, but Visa makes up for it in other ways.
Visa's profitability, dominance in its industry, and stellar balance sheet combine to make it a dividend stock you can hold through virtually every economy, market, or crisis you can think of. Need more convincing? Kick back and read on.
Visa is a payment services company; its network connects merchants to banks, enabling transactions when you swipe your payment card at the store or gas station or use it online. Think of payment networks as the highways that connect our cities and the transactions as the cars going from place to place. Instead of a toll, Visa charges a small fee, a percentage of each transaction its network supports. Visa powers roughly 40% of the world's card transactions, the most of any brand.
Source Fool.com
