Verizon increases dividend for 17th consecutive year
Increase maintains the longest current streak in U.S. telecom industry
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NEW YORK, N.Y. - The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023.
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.”
Verizon has 4.2 billion shares of common stock outstanding. The company made approximately $5.5 billion in cash dividend payments in the first half of 2023.