"The Board of Directors of Verizon Communications Inc.... (on September 7, 2012) declared a quarterly dividend of 51.5 cents per outstanding share, an increase of 1.5 cents per share, or 3.0 percent, from the previous quarter. On an annual basis, this increases Verizon's dividend 6 cents per share, from $2.00 to $2.06 per share.
The quarterly dividend is payable on Nov. 1, 2012, to Verizon Communications shareowners of record at the close of business on Oct. 10, 2012.
This is the sixth consecutive year the Board of Directors has approved a quarterly dividend increase. Increases were 2.6 percent in each of the past two years."