NEW YORK (AP) — Verizon Communications Inc. said Thursday that it has increased its quarterly dividend by 3 percent, the sixth year in a row that the company has lifted its payout to investors.
The telecommunications company, which is based in New York, will pay a dividend of 51.5 cents per share on Nov. 1 to shareholders of record as of Oct. 10. That is up from its most recent dividend payment of 50 cents per share.
Verizon owns 55 percent of Verizon Wireless, the country's largest cellphone carrier. The company says it is confident in its operating performance and cash flow, which gives it the flexibility to raise the dividend while investing in its long-term growth.
The company has an estimated 2.85 billion shares outstanding.
Wyo., ND Governors To EPA: Hey, We Need More Time On Clean Power Plan Regulations Because You Totally ‘Blindsided’ Us | Matt Vespa
'Daily Show' host Trevor Noah wishes 'pro-lifers' would devote their zeal to gun control - twitchy.com
Watch Mika Brzezinski explain how AR 15s can “blow up animals”
Thomas Sowell - Charlatans and Sheep
Oregon Town Blasts Obama's "Inappropriate," "Disrespectful" Visit After College Shooting - Bearing Arms - Barack Obama, Mass shootings, Umpqua Community College
War Party Targets Putin and Assad | Human Events
- MSNBC’s Chris Hayes: The Problem is the Constitution
We Fill Our Culture with Garbage, and We Reap The Result | RedState