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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.
Assuming Verizon's dividend stays at the same for five years, your $13,000 investment will generate over $650 per year in income for you. By buying a used car, You can potentially save half of your original investment in that new car, and you make 5% for five years by investing the money.