Verizon Communications Inc. (VZ) announced on Friday, September 6th, that its Board of Directors approved a quarterly dividend increase from $0.6775 to $0.69 per share. The dividend is payable on November 3, 2025, to shareholders of record as of October 10, 2025. This 1.85% increase marks Verizon’s 19th consecutive annual dividend raise, reflecting the company’s disciplined financial management and commitment to long-term growth.
At the current price of $43.32 (yesterday's close), this increase will raise VZ's dividend yield to 6.37%.
Verizon Communications Inc. is a Dividend Contenders with a 20 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 1.9, 1.9, 2.0 and 2.2 (Dividend Champions.xls)
As an owner of 250 shares of VZ, the recent dividend increase adds $9.31 to my projected annual net dividend income.
I was anticipating a one-cent increase, so this announcement came in slightly above my expectations. Needless to say, I’m pleased with the outcome and happy to accept it.
This marks the fifth dividend increase I have received from Verizon since establishing my position in June 2021. During this time, the company’s quarterly dividend has risen steadily from $0.6275 to $0.69 per share, representing a cumulative increase of 9.96%.
As of this writing, VZ represents approximately 1.30% of my portfolio by weight and contributes around 1.95% to my projected annual dividend income.
Following this increase, my yield on cost is 6.05%.
Summary of 2025 Dividend Increases / Cuts
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You can follow the development of my dividends here.
Full Disclosure: Long VZ
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