Communications giant Verizon (VZ) will raise its quarterly dividend by another 2.0 percent to $0.64 per share in 2021, marking the 15th consecutive year of dividend increases by the provider of communications, information and entertainment products and services. Last year VZ also announced a 2 percent dividend hike.

The next quarterly VZ dividend of 64 cents per share is payable on November 1, 2021, to Verizon shareholders of record at the close of business on October 8, 2021. A new annual rate of approximately $2.56 per share yields 4.7% at a stock price of $54.91. The next ex-dividend date for Verizon is October 7, 2021.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services. The company offers data, video and voice services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control. Verizon stock began trading on July 3, 2000. Prior to this date, the stock was trading as Bell Atlantic. The company has been paying a dividend to shareholders every year since at least 1984.