Thursday,
September 7th the Board of Verizon Communications Inc. (VZ) announced
a quarterly dividend increase of from $ 0.6525 to $0.665 per share
that’s payable November 1, 2023 to holders of record October 10,
2023. This represents a 1.92% increase over the last quarterly
dividend.
This is the 17th consecutive year
Verizon’s Board has approved a quarterly dividend increase.
“Our consistently disciplined
approach to driving strong cash flow, operating the business, and
serving our customers has once again put the Board in a position to
raise the dividend,” said Chairman and CEO Hans Vestberg. “We
continue to deliver value to our shareholders as we execute our
network-as-a-service strategy.”
With current price $33.81 (yesterday's
close), this raise brings their dividend yield to 7.87%.