Verizon Declares Fresh Dividend and Aims to Raise It Later This Year
Verizon Communications (NYSE: VZ), in contrast to its arch-rival AT&T (NYSE: T), is electing to maintain its quarterly dividend. The telecom giant on Tuesday declared its latest shareholder payout, which is to be just under $0.63 per share each quarter. It will be paid on Aug. 2 to stockholders of record as of July 9.
At the current share price, Verizon's distribution yields 4.4%. It also matches the previous three dividend payments. Prior to that, the company was handing out slightly below $0.62 per share.
Image source: Getty Images.
Source Fool.com
