Do Verizon’s Top Shareholders Feel Valiant About the Dividend Consistency?

As 2012 marches closer to the back half of the year, Verizon Communication’s (NYSE:VZ) shares are up 6.33 percent. On Thursday, the company’s board of directors declared a quarterly dividend of $0.50 cents per outstanding share; this was unchanged from the previous quarter.  The dividend will be payable on Aug. 1, 2012 to Verizon Communications shareowners of record at business’ close on July 10, 2012, according to a press release.

The company has approximately 2.7 million shareowners and approximately 2.8 billion shares of common stock outstanding.  In 2011, the company made dividend payouts of $5.6 billion.

With the quarterly dividend payout, will Verizon’s largest shareholders increase their holdings? 1166 institutional firms indicated owning shares of Verizon Communications Inc. (NYSE:VZ) in Q1 2012. These firms reported owning a total of 1.09 billion shares on 03/31/2012 . The shares closed at $37.73 on 03/31/2012.

Here are the ten largest positions in Verizon Communications Inc. at the end of March 31st, 2012.

Vanguard Group Inc held 119,502,871 shares on 03/31/2012 worth $4,568,594,704.

State Street Corp held 113,794,191 shares on 03/31/2012 worth $4,350,351,870.

Blackrock Institutional Trust Company N.A. held 74,843,020 shares on 03/31/2012 worth $2,861,248,620.

Bank of New York Mellon Corp held 38,270,827 shares on 03/31/2012 worth $1,463,093,699.

JPMorgan Chase & Co held 36,969,279 shares on 03/31/2012 worth $1,413,335,519.

Blackrock Fund Advisors held 25,671,474 shares on 03/31/2012 worth $981,420,439.

Blackrock Group Ltd held 24,903,795 shares on 03/31/2012 worth $952,072,071.

Blackrock Advisors LLC held 23,805,069 shares on 03/31/2012 worth $910,067,777.

Invesco Ltd. held 22,506,199 shares on 03/31/2012 worth $860,411,977.

FMR LLC held 21,238,135 shares on 03/31/2012 worth $811,933,891.

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