Among quite a few dividend raises this quarter, following were few selected ones that I was have been reading about as potential dividend growth opportunities.
Verizon Communication (VZ): The 2Q09 earning per share was $0.52 (vs. $0. in 1Q09).
- The key highlight was reduced earnings on y-o-y basis (vs. $0.66 in 1Q08).
- There was y-o-y growth in operating revenue (11.3%) and free cash flow.
- Quarterly dividend of $0.46/share is barely getting covered with earnings. This quarter’s payout ratio is at 88%.