On 5 September, Verizon Communications (VZ) increased 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
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.4225 | $2.4725 | $2.5225 | $2.5725 | $2.6225 | ⬆ | $2.6725✝ |
| 2.11% | 2.06% | 2.02% | 1.98% | 1.94% | ⬇ | 1.91% |
| 5-year DGR: | 2.02% | ⬇ | 1.98% | |||
✝projected, assuming no further changes
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