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.

VZ Dividend Chart

VZ Dividend data by YCharts.

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The article Verizon Keeps Dividend Steady originally appeared on Fool.com.

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