Verizon declares quarterly dividend on December 5

Rhea-AI Summary

Verizon (NYSE, Nasdaq: VZ) has declared a quarterly dividend of 67.75 cents per share, maintaining the same rate as the previous quarter. The dividend will be paid on February 3, 2025, to shareholders of record as of January 10, 2025. With approximately 4.2 billion shares outstanding, Verizon has distributed $8.4 billion in cash dividends over the last three quarters.

CEO Hans Vestberg highlighted the company's track record of 18 consecutive years of dividend increases, attributing this consistency to Verizon's position as the largest consumer wireless base in the U.S., leading share in business, and strong cash flow. The company reported revenues of $134.0 billion in 2023.

Positive

• Maintained quarterly dividend of $0.6775 per share
• 18-year track record of consecutive dividend increases
• Strong cash flow supporting dividend payments
• $8.4 billion in cash dividend payments in last three quarters
• Largest consumer wireless base in U.S.
• Leading market share in business segment
• $134.0 billion revenue in 2023

Negative

• Dividend amount unchanged from previous quarter

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 3, 2025, to Verizon shareholders of record at the close of business on January 10, 2025.

"Our focus on creating excellent connected life experiences for our customers every day empowers us to pay a consistent dividend, which we have increased for 18 consecutive years,” said Chairman and CEO Hans Vestberg. “With the largest consumer wireless base in the U.S., industry leading share in business, and strong cash flow, we are able use our dividend to enhance long-term value for our shareholders.”

Verizon has approximately 4.2 billion shares of common stock outstanding. The company made $8.4 billion in cash dividend payments in the last three quarters.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

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

When will Verizon (VZ) pay its next dividend?

Verizon will pay its next quarterly dividend on February 3, 2025, to shareholders of record as of January 10, 2025.

How much is Verizon's (VZ) quarterly dividend payment?

Verizon's quarterly dividend payment is 67.75 cents per share.

How many consecutive years has Verizon (VZ) increased its dividend?

Verizon has increased its dividend for 18 consecutive years.

How much did Verizon (VZ) pay in cash dividends in the last three quarters?

Verizon paid $8.4 billion in cash dividends in the last three quarters.