6/1/23: Verizon declares quarterly dividend

Rhea-AI Summary

Verizon Communications Inc. has declared a quarterly dividend of 65.25 cents per outstanding share, consistent with the previous three quarters. The dividend is payable on August 1, 2023, to Verizon shareholders of record on July 10, 2023. Verizon has 4.2 billion shares of common stock outstanding and made $10.8 billion in cash dividend payments in 2022.

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, consistent with the previous three quarters. The quarterly dividend is payable on August 1, 2023, to Verizon shareholders of record at the close of business on July 10, 2023.

“Our consistent financial execution has once again put the Board in a position to declare the dividend,” said Chairman and CEO Hans Vestberg. "With our disciplined approach and long-term strategy, we continue to focus on maximizing value for our shareholders.”

Verizon has 4.2 billion shares of common stock outstanding. The company made $10.8 billion in cash dividend payments in 2022.

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 $136.8 billion in 2022. 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 Communications Inc.?

Verizon has declared a quarterly dividend of 65.25 cents per outstanding share.

When will the dividend be payable?

The dividend will be payable on August 1, 2023.

Who are eligible to receive the dividend?

Verizon shareholders of record on July 10, 2023, are eligible to receive the dividend.

How many shares of common stock does Verizon have outstanding?

Verizon has 4.2 billion shares of common stock outstanding.

How much did Verizon pay in cash dividend payments in 2022?

Verizon made $10.8 billion in cash dividend payments in 2022.