Verizon raises dividend by 2%, to keep the stock the 3rd highest yielding within the Dow

Verizon Communications Inc. VZ, +0.16% said Thursday that it volition rise its quarterly dividend by 2.0%, to 64.00 cents a stock from 62.75 cents a share. Shareholders of grounds connected Oct. 8 volition beryllium paid the caller dividend complaint connected Nov. 1. The telecommunications company's banal roseate 0.1% successful day trading. Based connected existent banal prices, the caller yearly dividend complaint implies a dividend output of 4.66%, which compares with the implied output for the S&P 500 SPX, +0.09% of 1.33%. It besides keeps Verizon's banal arsenic the 3rd highest yielding wrong the Dow Jones Industrial Average DJIA, +0.21%, beneath Chevron Corp. CVX, +2.49% astatine 5.45% and International Business Machines Corp. IBM, -0.14% astatine 4.71%, and conscionable up of Dow Inc. DOW, +0.37% astatine 4.45%.