Image Source: On 5 September, Verizon Communications () its quarterly dividend by 1.88%, from 66.50¢ to 67.75¢ per share.The dividend will be paid on 1 November to shareholders of record on 10 October. The ex-dividend date is 10 October.VZ’s contribution to DivGro’s projected annual dividend income will increase by $25 to $1355.I own 500 shares of VZ at an average cost basis of $46.82 per share. Following this increase, my yield on cost is 5.79%. (VZ’s forward yield is 6.12% at $44.26 per share). Since I opened my VZ position in September 2009, the stock has produced total returns of 11%, including $2,458.90 in dividend income. 5-Year History of Dividend Payouts by Ex-Date
✝projected, assuming no further changesMore By This Author:Amphenol Corporation Dividend IncreaseJPMorgan Chase Dividend IncreaseRealty Income Dividend Increase – Saturday, June 15
