The board of directors of BellSouth Corp. (NYSE: BLS) have declared a regular quarterly dividend of 23 cents per common share.

The third-quarter dividend is payable Nov. 3 to shareholders of record as of the close of business on Oct. 9. It is the 79th consecutive quarterly dividend declared by BellSouth.

Over the last six quarters, BellSouth has increased its quarterly dividend 21 percent from 19 cents per common share to 23 cents per common share.

BellSouth, based in Atlanta, has nearly 1.9 billion shares outstanding in approximately 800,000 registered shareholder accounts.

At the close of trading Monday, shares of BLS were priced at $25.39.