The board of directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) said it has declared a quarterly dividend of USD56.5 per outstanding share, an increase of USD01.5 per share, or 2.7 percent, from the previous quarter.
On an annual basis, this increases Verizon´s dividend by USD0.06 per share, from USD2.20 to USD2.26 per share.
The quarterly dividend is payable on Nov. 2, 2015, to Verizon Communications shareowners of record at the close of business on Oct. 9, 2015.
This is the ninth consecutive year Verizon´s board of directors has approved a quarterly dividend increase.
Verizon has approximately 4.1 billion shares of common stock outstanding. The company made USD4.3 billion in cash dividend payments in the first half of 2015.
Verizon Communications, headquartered in New York, employs a diverse workforce of 178,500 and generated more than USD127 billion in 2014 revenues.