5/31/22: Verizon declares quarterly dividend

Rhea-AI Summary

Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with the previous three quarters. This dividend is payable on August 1, 2022, to shareholders on record as of July 8, 2022. The company has 4.198 billion shares outstanding and paid out $10.4 billion in dividends in 2021, highlighting its commitment to shareholder value. Verizon generated $133.6 billion in revenues for 2021, focusing on growth across five vectors and delivering essential technology and communication services.

Positive

• Quarterly dividend of 64 cents per share.
• Consistent dividend payment reflecting financial stability.
• Total dividend payments in 2021 amounted to $10.4 billion.
• Generated $133.6 billion in revenues for 2021.

Negative

• None.

NEW YORK, May 31, 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, consistent with the previous three quarters. The quarterly dividend is payable on August 1, 2022, to Verizon shareholders of record at the close of business on July 8, 2022.   

Chairman and CEO Hans Vestberg said, "With our network-as-a-service foundation and our execution on all five vectors of growth, we remain committed to delivering value 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:
Eric Wilkens
eric.wilkens@verizon.com
201.572.9317
@ericwilkens

FAQ

What is the dividend declared by Verizon and when is it payable?

Verizon declared a dividend of 64 cents per share, payable on August 1, 2022.

When is the record date for Verizon's dividend?

The record date for Verizon's dividend is July 8, 2022.

How much did Verizon pay in dividends in 2021?

Verizon paid a total of $10.4 billion in dividends in 2021.

What were Verizon's revenues for 2021?

Verizon generated revenues of $133.6 billion in 2021.