Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Verizon Communications Inc. $VZ

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Universal Beteiligungs und Servicegesellschaft mbH has increased its stake in Verizon Communications Inc. by 2.7% in the fourth quarter, purchasing an additional 92,564 shares, bringing its total holdings to 3,479,166 shares valued at $141.57 million. Other institutional investors like Vanguard Group Inc., State Street Corp, and Northern Trust Corp also modified their positions. Verizon recently increased its quarterly dividend to $0.7075 per share, resulting in an annualized dividend of $2.83 and a yield of 6.1%.

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