Verizon increases dividend for 15th consecutive year
Consistency of dividend increase reflects Board’s confidence in service revenue growth and multi-purpose network strategy
NEW YORK, N.Y. - The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2021, to Verizon shareholders of record at the close of business on October 8, 2021.
This is the 15th consecutive year Verizon’s Board has approved a quarterly dividend increase.
Chairman and CEO Hans Vestberg said, “We continue to deliver value to our shareholders as we execute our multi-purpose network strategy and grow the top and bottom lines.”
Verizon has approximately 4.1 billion shares of common stock outstanding. The company made approximately $5.2 billion in cash dividend payments in the first half of 2021.