Verizon Board Declares 53-Cent Dividend, 7th Straight Annual Increase

verizonVerizon‘s (NYSE: Z) board of directors has declared a quarterly dividend of 53 cents per share on the company’s common stock,  1.5 cents higher than the previous quarter.

This represents the seventh consecutive year that the board has approved a quarterly dividend increase and the new dividend is 6 cents higher on an annual basis, going from $2.06 per share to $2.12 per share, Verizon said Monday.

The company says it has nearly 2.7 million stockholders and 2.9 billion shares of common stock outstanding.

Stockholders received $2.9 billion in dividend payments through the first half of 2013, according to Verizon.

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