Verizon declares USD56.5 quarterly dividend

The board of directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) said it has declared a quarterly dividend of USD56.5 per outstanding share, unchanged from the previous quarter.

The dividend is payable Feb. 1, 2016, to Verizon Communications shareowners of record at the close of business on Jan. 8, 2016.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made USD6.4 billion in cash dividend payments through the first nine months of 2015. In September 2015, Verizon´s board had approved a quarterly dividend increase for the ninth consecutive year.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) employs a diverse workforce of 177,900 and generated more than USD127 billion in 2014 revenues.