Verizon Communications (NYSE:VZ) Is Increasing Its Dividend To $0.7075

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Verizon Communications (NYSE:VZ) is set to increase its quarterly dividend to $0.7075, maintaining a dividend yield similar to the industry average at 6.0%. The company’s dividend payments have historically been well-covered by both cash flow and earnings, ensuring sustainability despite a lack of significant earnings per share growth over the past five years. While the dividend has seen consistent, albeit slow, growth over the last decade, investors are advised to monitor the payout ratio as earnings forecasts indicate a potential rise.

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