Verizon Increases Quarterly Dividend From $0.6525 To $0.665 Per Share
Portfolio Pulse from Happy Mohamed
Verizon Communications Inc. has declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023. This marks the 17th consecutive year of quarterly dividend increase for Verizon.
September 07, 2023 | 1:54 pm
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Verizon's dividend increase reflects its strong cash flow and disciplined business approach. This could potentially attract income-focused investors, leading to a positive impact on the stock price in the short term.
Dividend increases are often seen as a sign of a company's strong financial health. As Verizon has increased its dividend for the 17th consecutive year, this could be an indication of its strong cash flow and disciplined business approach. This news could potentially attract income-focused investors, leading to increased demand for the stock and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100