Telecom giant Verizon announced today its second-quarter dividend of $0.515 per share, the same rate it's paid for the past three quarters after it increased the payout 3% from $0.50 per share.
The board of directors said the quarterly dividend is payable on Aug. 1 to the holders of record at the close of business on July 10. The telecom has made quarterly cash payouts since 1984. It paid $5.2 billion in cash dividends in 2012.
The regular dividend payment equates to a $2.06-per-share annual dividend, yielding 4.2% based on the closing price of Verizon's stock on June 5.
The article Verizon Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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