In its long-running quest to keep shareholders sweet, telecom giant Verizon Communications (NYSE: VZ) declared a dividend raise in early September. Those investors might not have liked the taste of the new payout, though, as the company's share price has fallen by nearly 8% since then.

By comparison, the S 500 index has dipped by less than 2%, archrival AT's stock has slipped only 1%, and competitor T-Mobile US is up by more than 4%. So does this indicate that, even with the dividend raise, Verizon has fallen into value territory for bargain-hunting investors?

In trumpeting that dividend raise, Verizon didn't hesitate to mention that it makes 2023 the 17th consecutive year the company enacted a hike. This, it says, gives it the longest current raise streak in the American telecom sector.

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Source Fool.com