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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.
With 30% more shares, Verizon would have needed $7.7 billion to cover its dividend outlay. Given the company's cash flow, the new payout ratio would still be relatively low at 32.8%. In order for Verizon's dividend to double, the company would have to pay $15.4 billion in dividends. With $23.5 billion in free cash flow, this would equate to a core free cash flow payout ratio of about 66%.