NEW YORK, Sept. 7, 2017 /PRNewswire/ -- The Board of Directors of Verizon Communications Inc. (NYSE,Nasdaq: VZ) today declared a quarterly dividend of 59 cents per outstanding share, an increase of 1.25 cents per share, or 2.2 percent, from the previous quarter.
The quarterly dividend is payable on Nov. 1, 2017, to Verizon shareowners of record at the close of business on Oct. 10, 2017.
This is the 11th consecutive year Verizon's Board has approved a quarterly dividend increase.
Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $4.7 billion in cash dividend payments in the first half of 2017.
Verizon Communications Inc. (NYSE,Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 163,400 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network and the nation's premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary houses more than 50 media and technology brands that engage about 1 billion people around the world.