On 10/6/23, Verizon Communications will trade ex-dividend, for its quarterly dividend of $0.665, payable on 11/1/23. As a percentage of VZ’s recent stock price of $31.91, this dividend works out to approximately 2.08%, so look for shares of Verizon Communications Inc to trade 2.08% lower — all else being equal — when VZ shares open for trading on 10/6/23.
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Below is a dividend history chart for VZ, showing historical dividends prior to the most recent $0.665 declared by Verizon Communications:
In general, 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 8.33% 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 $31.25 per share, with $44.73 as the 52 week high point — that compares with a last trade of $31.71.
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In Wednesday trading, Verizon Communications shares are currently off about 0.2% on the day.
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