2 Payment Stocks to Buy and Hold That Raised Their Dividends 14% in Their Latest Increases

Visa and Mastercard recently increased their dividends by approximately 14%, significantly outpacing inflation. Both companies benefit from the ongoing shift from cash to card payments, e-commerce growth, and fraud prevention services. Despite premium valuations around 31x P/E, analysts view them as reasonably priced given strong growth prospects and resilience to economic downturns.