Verizon made a near perfect dividend hike of 2.1%.
The forward dividend yield is now about 4.5%.
The wireless company has annual dividend payout obligations of nearly $10 billion.
Exiting the media business would allow Verizon to avoid the tech wars.
Last week,Verizon Communications(VZ)increased the dividendfor the 12th consecutive year. Investors wanted a bigger hike due to higher cash flows from tax reform, but this dividend hike was the perfect amount to not lose shareholders while preserving cash for the coming tech war.