Verizon increases quarterly dividend

Board of Directors of Verizon Communications Inc. (NYSE: VZ) (NASDAQ: VZ) has declared a quarterly dividend of USD0.5775 per outstanding share, an increase of 1.25 cents per share, or 2.2 percent, from the previous quarter, the company said.

The quarterly dividend is payable on Nov. 1, 2016, to Verizon share owners of record at the close of business on Oct. 7, 2016.

Verizon Communications Inc., headquartered in New York City, has generated nearly USD132 billion in 2015 revenues. Verizon operates a wireless network, with 113.2 million retail connections nationwide.