Verizon Declares Dividend

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Verizon (NYSE: VZ  ) has declared its latest quarterly dividend. The company will pay $0.515 per share of its stock on May 1 to shareholders of record as of April 10. This amount matches the previous two disbursements; prior to that, the firm had dispensed $0.50 per share. Its dividends have steadily increased over time. In the last several years, it has tended to lift its disbursement once every four quarters.

In the press release announcing the move, Verizon pointed out that it paid a total of $5.2 billion for dividends in 2012.

The new payout annualizes to $2.06 per share. That yields 4.3% at the company's current stock price of $47.96.

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  • Report this Comment On March 09, 2013, at 1:46 PM, new3187 wrote:

    I have been investing in TeCom stock since 1971. Mainly Verizon. There has been plenty of ups & downs over the years but I must say Verizon has been able to over come all changes. There were times I felt they would fall by the way side but come out on top. Everytime they come down, I buy a few shares- months later, they go up. I have been doing this for 45 years and for long term investments --I don't know how I could have been better. At 70 I am going to get out, but I said that at 62 and again at 65. So, I just don't know. The Div's & the history keep me in.

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