Verizon Declares Fresh Dividend; Yield Is 4.1%
Verizon Communications (NYSE: VZ) is slipping a little cash into investor stockings in advance of the holiday season. The telecom giant announced in the middle of market trading hours Thursday that it has declared its latest quarterly dividend. Like its predecessor, the new payout will be just under $0.63 per share. It is to be paid on Feb. 1 to investors of record as of Jan. 8.
Considered a solid dividend stock by many, Verizon's dividend currently yields nearly 4.1%. The company's payout has been relatively generous for years, and it makes a point of raising it every year. The most recent hike occurred in September, although that raise was by less than $0.01 per share. Since the start of 2015, the company's dividend has crept up steadily, from $0.55 to the present level.
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