Visa to announce stock split

On March 19, Visa will be announcing a stock split. Investors who sold four shares in the company will receive four shares.

International fees grew 9 percent in the last year to $970 million. Visa charges a fee on all international transactions.

Visa also reported $713 million of “client incentives” and said it expects that to grow in 2015.

CNNMoney reports, “the stock split means that Visa will have less of an influence on the Dow, the index that tracks 30 major U.S. companies, since the Dow is weighted by the price of the stocks.”

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