Verizon Communications Inc. Increases Quarterly Dividend $VZ

• Verizon (NYSE:VZ) declares $0.6150/share quarterly dividend, 2.1% increase from prior dividend of $0.6025.
• Forward yield 4.22%
• Payable November 1; for shareholders of record October 10; ex-div October 9.

The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 61.50 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, 2019, to Verizon shareowners of record at the close of business on Oct. 10, 2019.

This is the 13th 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 $5.0 billion in cash dividend payments in the first half of 2019.

For more information, visit www.verizon.com

According to the list of U.S. Dividend Champions, Verizon Communications Inc. is a Dividend Contenders. VZ has a 14-year dividend raising streak.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
2.2	2.3	2.7	3.1

Dividend Yield Chart:

Dividend Yield %: Close to 10-year low

This is the historical trailing annual dividend yield of Verizon Communications Inc. Buying stocks at higher yield relative its historical values is usually more profitable.

Dividend Per Share History

This is the dividend history of Verizon Communications Inc.

Payout Ratio:

This is the historical payout ratio of Verizon Communications Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.