Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. This dividend achiever has paid dividends since 1984 and increased them for 11 years in a row. Verizon ranks in The Top 10 in the Sure Dividend system.
The most recent dividend increase was in September 2015, when the Board of Directors approved a 2.70% increase in the quarterly dividend to 56.50 cents/share.
The company’s competitors include AT&T (NYSE:T), Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS).
Over the past decade this dividend growth stock has delivered an annualized total return of 11.50% to its shareholders. Future returns will be dependent on growth in earnings and initial dividend yields obtained by shareholders.
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