Verizon Communications (VZ) Raises Quarterly Dividend 2.2% to $0.5775; 4.4% Yield

September 1, 2016 1:39 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Verizon Communications (NYSE: VZ) declared a quarterly dividend of $0.5775 per share, or $2.31 annualized. This is a 2.2% increase from the prior dividend of $0.5650.

The dividend will be payable on November 1, 2016, to stockholders of record on October 7, 2016, with an ex-dividend date of October 5, 2016.

The annual yield on the dividend is 4.4 percent.

Verizon Chairman and CEO Lowell McAdam said, "Verizon's dividend policy reflects the company's continued commitment to create sustainable shareholder value."

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

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Dividend Hike, Dividends, Hot Dividends, Management Comments

Related Entities