Thursday, September 2nd the Board of Verizon
Communications Inc. (VZ) announced
a quarterly dividend increase of from $ 0.6275 to $ 0.64 per share that’s
payable November 1, 2021 to holders of record October 8, 2021. This represents
a 1.99% increase over the last quarterly dividend.
This is the 15th consecutive year Verizon’s Board has
approved a quarterly dividend increase.
Chairman and CEO Hans Vestberg said, “We continue to
deliver value to our shareholders as we execute our multi-purpose network
strategy and grow the top and bottom lines.”
With current price $ 55.43 (Friday's close), this raise
brings their dividend yield to 4.62%.