2/28/22: Verizon declares quarterly dividend

Rhea-AI Summary

The Board of Directors at Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with previous quarters. This dividend is payable on May 2, 2022, to shareholders on record by April 8, 2022. Verizon reported $10.4 billion in cash dividend payments in 2021 and has approximately 4.198 billion shares outstanding. Chairman Hans Vestberg credited the company's operational performance for enabling this return to shareholders, as Verizon generated $133.6 billion in revenues last year.

Positive

• Stable quarterly dividend of 64 cents per share reflects consistent operational performance.
• Strong revenue generation of $133.6 billion in 2021 indicates robust market presence.
• Significant cash dividend payments of $10.4 billion demonstrate commitment to shareholder returns.

Negative

• None.

NEW YORK, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 2, 2022, to Verizon shareholders of record at the close of business on April 8, 2022.

Chairman and CEO Hans Vestberg said, “We are pleased that our consistent operations performance has once again put our Board in a position to return a dividend to our shareholders.”

Verizon has 4.198 billion shares of common stock outstanding. The company made $10.4 billion in cash dividend payments in 2021.

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:
Kim Ancin
Kimberly.Ancin@verizon.com
908.801.0500

Eric Wilkens
eric.wilkens@verizon.com
201.572.9317

FAQ

What is the current dividend amount declared by Verizon (VZ)?

Verizon has declared a quarterly dividend of 64 cents per share.

When will the next dividend payment be made to Verizon (VZ) shareholders?

The next dividend payment will be made on May 2, 2022.

What is the record date for Verizon's (VZ) upcoming dividend payment?

The record date for the upcoming dividend payment is April 8, 2022.

How much did Verizon (VZ) pay in dividends in 2021?

Verizon paid $10.4 billion in cash dividends in 2021.

What are Verizon's (VZ) recent revenue figures?

Verizon generated revenues of $133.6 billion in 2021.