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Dividend Increase – Verizon (VZ)

September 6, 2014 by All About Interest 6 Comments

Verizon-Logo.jpg

VZ announced 09/04 a quarterly dividend increase from 0.53 to 0.55.   The dividend is payable Nov. 3, 2014 to shareholders of record as of Oct. 10, 2014.

This is an increase of 3.8%.  It’s not great but about what I’d expect from a telecom company.  VZ is a company that I expect a higher starting yield and slower growth like a utility.  This balances out some of positions with lower starting yields but higher growth.

This is the 8th straight year that VZ has increased their dividend.  Going forward it will be interesting to see what impact the buyout of the remaining stake of Verizon Wireless from Vodafone will have on earnings.

Since I own 276 shares, this will increase my yearly dividends by $22.08.  I’ve had 29 stocks in my portfolio  increase their dividend already this year.

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Filed Under: Dividend Increase

Comments

  1. Tom Roberts says

    September 6, 2014 at 8:49 am

    Great move from VZ. It came a little bit surprising for me because VZ has high debt loaded with the buy of the wireless stake from Vodafone. Do would you add T or VZ share at current prices?
    Tom Roberts recently posted…These 7 Dividend Cash Cows Produce Money Like Milk (Part I)My Profile

    Reply
    • All About Interest says

      September 6, 2014 at 10:17 am

      Their last raise was declared September 2, 2013 so I was expecting one, even if it was small. They have taken on more debt but also have more earnings potential. It will be interesting to see how their future earnings grow from this point forward.

      I have actually added to both recently. High starter yields but slow growers. I’ve owned VZ for years and they have not disappointed yet. I got onboard T when they announced they were buying DirecTV.

      Thanks for stopping by!

      Reply
  2. Retire Before Dad says

    September 6, 2014 at 12:49 pm

    AAI,
    I missed this announcement. Thanks for posting. VZ is one of my larger holdings. Always good to see something, even if it’s just 3.8%.
    -RBD
    Retire Before Dad recently posted…Quarterly Lending Club Review – Sept 2014My Profile

    Reply
    • All About Interest says

      September 10, 2014 at 6:55 pm

      RBD,

      No problem. It’s about what I’d expect from a quasi-utility company. I’m a happy camper as long as I get raises higher than inflation.

      Cheers!

      Reply
  3. A Frugal Family's Journey says

    September 11, 2014 at 11:09 pm

    Great news…we’ve been adding shares of VZ to our family’s dividend stocks portfolio lately. Stock price is on sale and yet the company is still giving me a raise. I certainly am not complaining. 🙂

    Even thought the growth is slow, I like that I can count on the high yield from a company that offers stable dividends.
    A Frugal Family’s Journey recently posted…P2P Accounts (Update) – September 2014My Profile

    Reply
    • All About Interest says

      September 13, 2014 at 8:46 am

      Hi FFJ,

      I really like VZ and also use their services. I’d imagine I’ll be a loyal shareholder for a long time. I did recently add T to balance out the telecom stocks I own.

      It’s slow but steady growth. I agree with you.

      Best Wishes!

      Reply

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