Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.
Wednesday, September 4th the Board of Verizon Communications Inc. (VZ) announced a quarterly dividend increase of from $ 0.665 to $0.6775 per share that’s payable November 1, 2024 to holders of record October 10, 2024. This represents a 1.88% increase over the last quarterly dividend.
This is the 18th consecutive year Verizon’s Board has approved a quarterly dividend increase.
“Our strong focus on three key pillars – wireless service revenue growth, adjusted EBITDA expansion, and free cash flow generation – has once again put the Board in a position to raise the dividend," said Chairman and CEO Hans Vestberg. "This unwavering commitment to our strategic priorities, combined with our consistently disciplined financial management and our dedication to serving our customers with the best in mobility and broadband, continue to position us well for future growth."
With current price $41.31 (today's open), this raise brings their dividend yield to 6.56%.
Welcome and thanks for reading!
In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.