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Verizon increases dividend for 13th consecutive year


NEW YORK† – WEBWIRE

The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 61.50 cents per outstanding share, an increase of 1.25 cents per share, or 2.1 percent, from the previous quarter.

The quarterly dividend is payable on Nov. 1, 2019, to Verizon shareowners of record at the close of business on Oct. 10, 2019.

This is the 13th consecutive year Verizonís Board has approved a quarterly dividend increase.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $5.0 billion in cash dividend payments in the first half of 2019.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated revenues of $130.9 billion in 2018.†The company operates Americaís most awarded wireless network and the nationís premier all-fiber network, and delivers integrated solutions to businesses worldwide.†With brands like Yahoo, TechCrunch and HuffPost, the companyís media group helps consumers stay informed and entertained, communicate and transact, while creating new ways for advertisers and partners to connect. Verizonís corporate responsibility prioritizes the environmental, social and governance issues most relevant to its business and impact to society.


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