Advisors Capital Management LLC Purchases 465,131 Shares of Verizon Communications Inc. $VZ

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Advisors Capital Management LLC significantly increased its stake in Verizon Communications Inc. (NYSE:VZ) by 55.1% in the fourth quarter, purchasing an additional 465,131 shares for a total holding worth $53.33 million. Verizon has also raised its quarterly dividend to $0.7075 per share, offering an annualized yield of approximately 6.1%. Despite institutional buying, company insiders have been net sellers, disposing of shares worth about $10.78 million over the past 90 days.

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