Verizon increases dividend for 12th consecutive year

NEW YORK, Sept. 06, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 60.25 cents per outstanding share, an increase of 1.25 cents per share, or 2.1 percent, from the previous quarter.

The quarterly dividend is payable on Nov. 1, 2018, to Verizon shareowners of record at the close of business on Oct. 10, 2018.

This is the 12th consecutive year Verizon’s Board has approved a quarterly dividend increase.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $4.8 billion in cash dividend payments in the first half of 2018.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated $126 billion in 2017 revenues. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary reaches people around the world with a dynamic house of media and technology brands.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact: Bob Varettoni908.559.6388[email protected]

You May Also Be Interested In

• HI-VIEW'S NEW LINAEMENT MAPPING IDENTIFY MULTIPLE NEW PORPHYRY TARGETS AT LAWYERS EAST TOODOGGONE BC
• Four in Ten U.S. Employees Have Used AI to Generate Fake Expense Receipts
• ADIPEC 2026 Technical Conferences attract record submissions in response to rising demand and energy security pressures