I am a big proponent of the trend towards a cashless society and I feel investors stand to benefit immensely if they ride the momentous wave for the next few years. Three of the best positioned companies to capitalize on this consumer trend are MasterCard (MA), Visa (V), and American Express (AXP).
However, MasterCard recently demonstrated why it is the best investment out of the three. Company management announced this week that it was raising MasterCard's dividend by a staggering 83% and implementing another $3.5 billion share buyback. Additionally, the stock will be split for the first time 10-1.
Click here to read how this trio of data points will benefit investors going forward!
Phil
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