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Visa Says U.S. Payment Volume Fell 3% in April (V)

By Dividend.com,  May 30, 2012, 09:12:10 AM EDT

Credit card issuer Visa Inc ( V ) on Wednesday reported some bearish consumer spending trends.

The San Francisco-based company said that U.S. aggregate payments volume fell 3% in April from the year-ago period.

Visa also posted the following April stats:

  • U.S. credit payments volume rose 8%.
  • Debit payments volume growth fell 12%.
  • Excluding currency fluctuations, cross-border volume growth rose 13% globally.
  • Processed transactions fell 1% globally.

Visa shares fell $2.62. or -2.2%, in premarket trading Wednesday.

The Bottom Line
Shares of Visa ( V ) have a .73% dividend yield, based on last night's closing stock price of $120.28. The stock has technical support in the $113-$114 price area. The stock is trading near the all-time high price levels of $125 a share.

Visa Inc ( V ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: V



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