Verizon Communications (VZ) Declares $0.5775 Quarterly Dividend; Approves 100M Share Buyback

Verizon Communications (NYSE: VZ) declared a quarterly dividend of $0.5775 per share, or $2.31 annualized.

The dividend will be payable on May 1, 2017, to stockholders of record on April 10, 2017, with an ex-dividend date of April 6, 2017.

The annual yield on the dividend is 4.6 percent.

Also today, Verizon's Board authorized the corporation to repurchase up to 100 million shares of its common stock. Verizon's previous program, which expired on Feb. 28, 2017, also had authorized the repurchase of 100 million shares. Under the prior authorization, 2.8 million shares were repurchased. The new program will terminate when the aggregate number of shares purchased reaches 100 million, or at the close of business on Feb. 28, 2020, whichever is sooner.

For a dividend history and other dividend-related data on Verizon Communications (VZ) click here.

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