facebookWhere can I buy Visa shares? I read that they give pretty good dividends? - Seedly
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Anonymous

01 Nov 2020

Where can I buy Visa shares? I read that they give pretty good dividends?

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    Discussion (12)

    What are your thoughts?

    Jonathan Chia Guangrong

    Jonathan Chia Guangrong

    01 Nov 2020

    Level 12Β·Fund Manager at JCG Fund

    You can use any broker that allows access to the US market. Visa's stock code is 'V'. The best brokerage to use would be Td Ameritrade now due to no comms for stock transactions.

    That said, not sure where you got the notion that Visa pays out good dividends. The current dividend yield is 0.66%, before accounting for 30% withholding tax. The upcoming dividend is 0.32 cents per share, and you'll get 0.224 per share after withholding tax is factored in.

    Granted, there's some history of increasing dividends annually but at the current yield, I'll personally give it a miss holding as stock over long term for its dividend.

    If you are looking for dividends on US stocks, research on dividend aristocrats and kings. You'll need a very long holding period if you want to go down this route. An easier alternative to build a dividend income stream would be high yielding blue chip and reits on sgx.

    Hope this helps.

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      Poh Din Kiat

      Poh Din Kiat

      31 Oct 2020

      Level 4Β·Financial Services Consultant at AIA

      There are many brokerages that you can trade US stocks. Examples are Poems, Tiger, Interactive Brokers, and TD Ameritrade.

      I am using TD Ameritrade due to 0 commission for US stocks/Etfs.

      You can check out each brokerage's website and then open an account with one that you like.

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        Visa currently trading at $181.71

        DPU 0.3, approx 0.6% p.a. after tax 0.4% p.a

        For dividend, not ...

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