Verizon declares quarterly dividend on December 7

Rhea-AI Summary

Verizon Communications Inc. (VZ) declares an unchanged quarterly dividend of 66.50 cents per outstanding share, payable on February 1, 2024, to shareholders of record on January 10, 2024. With approximately 4.2 billion shares outstanding, the company has demonstrated strong financial discipline, making over $8.2 billion in cash dividend payments in the last three quarters. Headquartered in New York City, Verizon is a leading provider of technology and communications services, generating $136.8 billion in revenues in 2022.

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2024, to Verizon shareholders of record at the close of business on January 10, 2024.

"We are committed to delivering value to our customers and shareholders as we execute on our focused network strategy," said Chairman and CEO Hans Vestberg. “Our financial discipline and strong cash flow continue to put the company in a position for the Board to declare a quarterly dividend.”

Verizon has approximately 4.2 billion shares of common stock outstanding. The company made more than $8.2 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 $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

FAQ

What is the dividend declared by Verizon Communications Inc. (VZ)?

Verizon declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous quarter.

When is the quarterly dividend payable to Verizon Communications Inc. (VZ) shareholders?

The quarterly dividend is payable on February 1, 2024.

How many shares of common stock does Verizon Communications Inc. (VZ) have outstanding?

Verizon has approximately 4.2 billion shares of common stock outstanding.

What were Verizon Communications Inc. (VZ) total cash dividend payments in the last three quarters?

Verizon made more than $8.2 billion in cash dividend payments in the last three quarters.

What were Verizon Communications Inc. (VZ) revenues in 2022?

Verizon generated revenues of $136.8 billion in 2022.