Verizon Raises Quarterly Dividend

Verizon raised its Q3 dividend 2.7 percent to 56.5 cents per share, the company said in a news release Thursday. The new quarterly payout is up 1.5 cents per share from the previous quarter, and increases Verizon's annual dividend by 6 cents per share to $2.26, it said. It's the ninth year in a row the company's board approved a dividend increase, said Verizon.