Verizon ($VZ) announced its next dividend of $0.665 per share, a 1.9% increase over the company's previous payout of $0.6525.
DivGro's annual dividend income will increase by $15.00 as a result.
I own 300 shares of VZ at an average cost basis of $51.43 per share. Following this increase, my yield on cost is 5.17%. In comparison, VZ's forward yield is 8.16% at $32.59 per share.
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