Verizon raises quarterly dividend to 69c from 67.75c per share

Verizon (VZ) declared a quarterly dividend of 69c per share, an increase of 1.25c per share from the previous quarter. The dividend is payable on November 3, to shareholders of record at the close of business on October 10. The company said, “This 19th consecutive annual increase is a direct result of the company’s disciplined financial management and unwavering focus on long-term growth. By strategically expanding both its mobility and broadband networks to capture high-value customer segments, Verizon generates the consistent, durable cash flow necessary to reward shareholders while simultaneously investing in future innovation.”