uploads///Telecom Q Dividend Yield

Analyzing Verizon’s Dividend Profile

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Mar. 13 2019, Published 9:30 a.m. ET

Verizon raises dividend

Telecom giant Verizon (VZ) has been returning cash to its shareholders and boosting its dividend payments for the last few years. On March 8, the company announced a rise in its quarterly dividend. The telecom company’s board will now pay a dividend of $0.6025 per share, a rise of ~2.1% from the dividend of $0.59 per share in the year-ago quarter and unchanged from the prior quarter. The dividends are payable on May 1 to shareholders of record on April 10.

Verizon paid total dividends of $9.8 billion in the full-year 2018. The company remains committed to paying higher dividends in spite of its high debt balance of $113.1 billion at the end of December 31.

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Dividend yield

A company’s dividend yield indicates how much it pays out in dividends each year relative to its stock price. As of March 11, Verizon’s dividend yield was ~4.2%. It was lower than AT&T’s (T) at ~6.8%. Sprint (S) and T-Mobile (TMUS) don’t pay equity dividends.

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