The Board of Directors of Verizon Communications
declared a quarterly dividend of 47.5 cents per outstanding share, an increase of 1.5 cents per share, or 3.3 percent, from the previous quarter. On an annual basis, this increases Verizon’s dividend 6 cents per share, from $1.84 to $1.90 per share.
“This increase reflects the strength of our cash flow and balance sheet,” said Ivan Seidenberg, Verizon chairman and chief executive officer.
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