Today the Board of Directors of Verizon Communications Inc. declared a quarterly dividend of 53 cents per outstanding share. This is an increase of 1.5 cents per share of a 2.9 percent increase from the previous quarter.
According to Verizon Communications, “The quarterly dividend is payable on Nov. 1, 2013, to Verizon Communications shareowners of record at the close of business on Oct. 10, 2013. This is the seventh consecutive year that Verizon's Board of Directors has approved a quarterly dividend increase.”
Verizon has approximately 2.7 million shareowners and approximately 2.9 billion shares of common stock outstanding. The company made $2.9 billion in dividend payments through the first half of 2013.