Cash Dividend On The Way From Verizon Communications

On 10/8/20, Verizon Communications will trade ex-dividend, for its quarterly dividend of $0.6275, payable on 11/2/20. As a percentage of VZ’s recent stock price of $59.85, this dividend works out to approximately 1.05%, so look for shares of Verizon Communications Inc to trade 1.05% lower — all else being equal — when VZ shares open for trading on 10/8/20.

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Below is a dividend history chart for VZ, showing historical dividends prior to the most recent $0.6275 declared by Verizon Communications:

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In general, Top Dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from VZ is likely to continue, and whether the current estimated yield of 4.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of VZ shares, versus its 200 day moving average:

Looking at the chart above, VZ’s low point in its 52 week range is $48.84 per share, with $62.22 as the 52 week high point — that compares with a last trade of $59.79.

In Tuesday trading, Verizon Communications shares are currently up about 0.3% on the day.

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