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Verizon ranks in The Top 10 in the Sure Dividend system. Click here to see the other Top 10 Dividend Growth Stocks The most recent dividend increase was in September 2015, when the Board of Directors approved a 2.70% increase in the quarterly dividend to 56.50 cents per share.
Merger of Verizon and MCI, Inc. (âMCIâ) The merger of Verizon and MCI became effective on January 6, 2006 with an exchange ratio of .5743 shares of. Verizon common stock and a cash payment of $2.738 for each share of MCI common stock owned. Fractional. shares resulting from the merger were paid based on a price of $31.35 per share of Verizon common stock.