Verizon Keeps Dividend Steady
Jun 6th 2013 1:05PM
Updated Jun 6th 2013 1:55PM
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.
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