Verizon As of October 10, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
VZ $2.66 1.9% 2.0% 2.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Wireless & Media 8.4% 17 2.0% Quarter 1984
Verizon hikes dividend by 2%

On September 6, 2022 Verizon Communications (VZ) announced a 2.0 percent dividend hike to $0.6525 quarterly per share. This marks the 16th consecutive year of dividend increases by the provider of communications, information and entertainment products and services and matches the 2% dividend hikes in the previous years.

The next quarterly VZ dividend is payable on November 1, 2022, to Verizon shareholders of record at the close of business on October 7, 2022. A new annual rate of approximately $2.61 per share yields 6.3% at a stock price of $41.30.

Verizon (VZ) Dividend history and dividend growth statistics
Company name Verizon Communications Inc
Ticker symbol VZ
ISIN-code US92343V1044
company website
Sector Communication Services
Business Wireless & Media
Dividend paid since 1984
Track record (years increased) 16
Payment Frequency Quarterly dividend
Dividend growth: 5 year average 2.0%
Next dividend per share $0.64
Annual dividend per share $2.56
Dividend yield* 6.2%
Stock price* $41.30
YTD Total Return* -17.6%
Next ex-dividend date July 7, 2022
Next payment date August 1, 2022
Market cap (in $B)* 173.45
Total dividend (in $B) 10.96
© *As of September 6, 2022

“Our consistently disciplined approach to the market to maximize growth and profitability has again put the Verizon Board in a position to raise the dividend,” said Chairman and CEO Hans Vestberg. “We will continue to execute our network-as-a-service strategy to deliver long-term shareholder value.”

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.