12/1/22: Verizon declares quarterly dividend

Rhea-AI Summary

Verizon Communications has announced a quarterly dividend of 65.25 cents per share, maintaining its previous payout level. This dividend is payable on February 1, 2023, for shareholders on record by January 10, 2023. The company, with about 4.2 billion shares outstanding, has returned approximately $8.1 billion in cash dividends over the last three quarters. Verizon's revenue was reported at $133.6 billion in 2021, emphasizing its strong position in the technology and communications sector.

Positive

• Quarterly dividend of 65.25 cents per share maintained, providing consistent income for shareholders.
• Approximately $8.1 billion in cash dividend payments over the last three quarters indicates strong cash flow and commitment to shareholder returns.

Negative

• None.

NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2023, to Verizon shareholders of record at the close of business on January 10, 2023.

Chairman and CEO Hans Vestberg said, "Our focused network strategy and our consistently disciplined approach continue to put our Board in a position to execute on our dividend payout to shareholders."

Verizon has approximately 4.2 billion shares of common stock outstanding. The company made approximately $8.1 billion in cash dividend payments in the last three quarters.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Eric Wilkens
eric.wilkens@verizon.com
201-572-9317
@ericwilkens

FAQ

When is the dividend payment date for Verizon (VZ)?

The dividend payment date for Verizon (VZ) is February 1, 2023.

What is the amount of Verizon's dividend?

Verizon has declared a dividend of 65.25 cents per share.

Who are the shareholders of record for Verizon's dividend?

Shareholders of record for Verizon's dividend must be on record by January 10, 2023.

How much has Verizon paid in dividends over the last three quarters?

Verizon has paid approximately $8.1 billion in dividends over the last three quarters.

What was Verizon's revenue in 2021?

Verizon generated revenues of $133.6 billion in 2021.