Verizon Communications (VZ) Raises Quarterly Dividend 2% to $0.6525; 6.3% Yield

Verizon Communications (NYSE: VZ) declared a quarterly dividend of $0.6525 per share, or $2.61 annualized. This is a 2% increase from the prior dividend of $0.64.

The dividend will be payable on November 1, 2022, to stockholders of record on October 7, 2022, with an ex-dividend date of October 6, 2022.

The annual yield on the dividend is 6.3 percent.

This is the 16th consecutive year Verizon’s Board has approved a quarterly dividend increase. “Our consistently disciplined approach to the market to maximize growth and profitability has again put the Verizon Board in a position to raise the dividend,” said Chairman and CEO Hans Vestberg. “We will continue to execute our network-as-a-service strategy to deliver long-term shareholder value.”Verizon has approximately 4.2 billion shares of common stock outstanding. The company made approximately $5.4 billion in cash dividend payments in the first half of 2022.

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

You May Also Be Interested In

• Verizon readies for Tropical Storm Lala; Offers tips for Hawai’i residents and businesses
• Xylem (XYL) Declares $0.43 Quarterly Dividend; 1.4% Yield
• COPT Defense Properties (CDP) Declares $0.32 Quarterly Dividend; 3.4% Yield