Verizon
Communications raises quarterly dividend 2.7 percent to
56.5 cents per share
NEW YORK, Sept. 3, 2015 -- The Board of Directors of
Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a
quarterly dividend of 56.5 cents per
outstanding share, an increase of 1.5
cents per share, or 2.7 percent, from the previous quarter.
On an annual basis, this increases Verizon's dividend by
6 cents per share, from $2.20 to $2.26 per
share.
The quarterly dividend is payable on Nov.
2, 2015, to Verizon Communications shareowners of record at
the close of business on Oct. 9,
2015.
This is the ninth consecutive year Verizon's Board of Directors
has approved a quarterly dividend increase.
Verizon has approximately 4.1 billion shares of common stock
outstanding. The company made $4.3
billion in cash dividend payments in the first half of
2015.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York, employs a diverse
workforce of 178,500 and generated more than $127 billion in 2014 revenues. Verizon Wireless
operates America's most reliable wireless network, with 109.5
million retail connections nationwide. Verizon also provides
converged communications, information and entertainment services
over America's most advanced fiber-optic network, and delivers
integrated business solutions to customers worldwide. For more
information, visit www.verizon.com/news/.
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CONTACT: Bob Varettoni,
908.559.6388, robert.a.varettoni@verizon.com