Updating VISA INC., GENERAL ELECTRIC CO. and BOEING CO.

Article Excerpt

VISA INC. $99 (www.visa.com) has raised its quarterly dividend by 46.7%, to $0.22 a share from $0.15. The new annual rate of $0.88 yields just 0.9%. However, Visa should continue to profit as more consumers pay for their purchases with credit cards instead of cash and cheques. Best Buy. GENERAL ELECTRIC CO. $17 (www.ge.com) continues to report lower loan losses at its lending division. As a result, GE has raised its quarterly dividend by 13.3%, to $0.17 a share from $0.15. The new annual rate of $0.68 yields 4.0%. Buy. BOEING CO. $70 (www.boeing.com) has raised its quarterly dividend by 4.8%, to $0.44 a share from $0.42. The new annual rate of $1.76 yields 2.5%. The company also received an order from Southwest Airlines for 150 of its new 737 MAX passenger jets and 58 other planes. The deal is worth $19 billion, or 29% of Boeing annual revenue of $66 billion. Buy. Buy…