Telecommunications giant Verizon Communications moved Thursday to raise its quarterly dividend 2.2%, marking the 10th consecutive year the company has done so. Verizon declared a quarterly dividend of 57.75 cents per share, an increase of 1.25 cents per share or 2.2%. On an annual basis, the dividend increase is 5 cents per share, to $2.31 per share, from $2.26 per share. Verizon's dividend policy reflects the company's continued commitment to create sustainable shareholder value, said Lowell McAdam, Verizon’s chairman and CEO, when announcing the dividend increase.