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Sept. 2, 2021, 1:12 p.m. EDT

Verizon raises dividend by 2%, to keep the stock the 3rd highest yielding within the Dow

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By Tomi Kilgore

Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ -0.81% said Thursday that it will raise its quarterly dividend by 2.0%, to 64.00 cents a share from 62.75 cents a share. Shareholders of record on Oct. 8 will be paid the new dividend rate on Nov. 1. The telecommunications company's stock rose 0.1% in afternoon trading. Based on current stock prices, the new annual dividend rate implies a dividend yield of 4.66%, which compares with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.02% of 1.33%. It also keeps Verizon's stock as the third highest yielding within the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.35% , below Chevron Corp. /zigman2/quotes/205871374/composite CVX -1.76% at 5.45% and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -9.15% at 4.71%, and just ahead of Dow Inc. /zigman2/quotes/203121064/composite DOW -2.65% at 4.45%.

/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 53.18
-0.44 -0.81%
Volume: 11.19M
Oct. 21, 2021 2:07p
P/E Ratio
11.01
Dividend Yield
4.82%
Market Cap
$221.95 billion
Rev. per Employee
$970,439
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/zigman2/quotes/210599714/realtime
US : S&P US
4,535.41
-0.78 -0.02%
Volume: 1.15B
Oct. 21, 2021 2:07p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,484.58
-124.76 -0.35%
Volume: 185.08M
Oct. 21, 2021 2:07p
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 111.17
-1.99 -1.76%
Volume: 5.66M
Oct. 21, 2021 2:07p
P/E Ratio
59.62
Dividend Yield
4.83%
Market Cap
$218.84 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 128.91
-12.99 -9.15%
Volume: 22.18M
Oct. 21, 2021 2:07p
P/E Ratio
21.79
Dividend Yield
5.08%
Market Cap
$127.19 billion
Rev. per Employee
$196,163
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/zigman2/quotes/203121064/composite
US : U.S.: NYSE
$ 58.31
-1.58 -2.65%
Volume: 4.67M
Oct. 21, 2021 2:07p
P/E Ratio
10.68
Dividend Yield
4.81%
Market Cap
$44.66 billion
Rev. per Employee
$1.08M
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