Verizon Communications

Verizon Communications DRIP Rating:
Quick Takeaway:

Verizon offers a DRIP plan with an optional cash purchase option for DRIP investors. The company's fees on optional cash purchases and dividend reinvestments are higher than average.

Ticker Symbol: VZ Exchange: NYSE

Investor Contact Information:
Transfer Agent: Computershare
Mail: P.O. Box 43078
Providence, RI 02940
Phone: 800-631-2355
IR website

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2012 2013 2014 2015 2016 2017
Dividend $2.03 $2.09 $2.16 $2.23 $2.29 $2.33
Annual Increase 2.8% 3.0% 3.3% 3.2% 2.5% 2.2%
DRIP Plan Summary: Fees/Investment Options
Consecutive Years of Higher Dividends: 13
Purchase Fee: $5 + $0.03/share (cash purchases)
$2.50 + $0.03/share (automatic investments)
Dividend Reinvestment Fee: 5% ($1 min/$3 max)
Discount on Reinvested Dividends: None
Direct Enrollment (DE): Yes
DE Minimum Investment: $250
Optional Cash Purchase: Yes
OCP Minimum: $50
OCP Maximum: $200,000/year
OCP Purchase Frequency: Weekly
Transfer Agent: Computershare