6/4/20: Verizon declares quarterly dividend

Rhea-AI Summary

Verizon Communications (NYSE: VZ) announced a quarterly dividend of 61.50 cents per share, remaining unchanged from previous quarters. This dividend is payable on August 3, 2020, to shareholders on record by the close of business on July 10, 2020. In 2019, Verizon distributed approximately $10.02 billion in cash dividends, with around 4.1 billion shares outstanding. Verizon generated $131.9 billion in revenues last year, showcasing its strong market presence in technology and communications.

Positive

• Quarterly dividend of 61.50 cents per share, indicating steady income for shareholders.
• In 2019, cash dividend payments totaled approximately $10.02 billion, showcasing the company's commitment to returning value to investors.
• Strong revenue of $131.9 billion in 2019 highlights robust business performance.

Negative

• None.

BASKING RIDGE, N.J., June 04, 2020 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 61.50 cents per outstanding share, unchanged from the previous three quarters. The quarterly dividend is payable on August 3, 2020, to Verizon shareholders of record at the close of business on July 10, 2020.  

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $10.02 billion in cash dividend payments in 2019.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019.  The company offers voice, data and video 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 www.verizon.com/about/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 amount declared by Verizon (VZ)?

Verizon declared a quarterly dividend of 61.50 cents per share.

When will Verizon's (VZ) dividend be paid?

The dividend will be paid on August 3, 2020.

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

The record date for the dividend is July 10, 2020.

How much has Verizon (VZ) paid in dividends in 2019?

Verizon paid approximately $10.02 billion in cash dividends in 2019.

What were Verizon's (VZ) revenues in 2019?

Verizon generated revenues of $131.9 billion in 2019.