Verizon increases dividend for 15th consecutive year

Rhea-AI Summary

Verizon Communications has declared a quarterly dividend of 64 cents per share, reflecting a 1.25 cents increase from the last quarter. This dividend, marking the 15th consecutive increase, is payable on November 1, 2021, to shareholders recorded by October 8, 2021. The company's confidence in revenue growth stems from its multi-purpose network strategy. With approximately 4.1 billion shares outstanding, Verizon paid around $5.2 billion in dividends in the first half of 2021, contributing to its substantial revenue of $128.3 billion in 2020.

Positive

• Quarterly dividend increased by 1.25 cents, reflecting confidence in revenue growth.
• 15 consecutive years of dividend increases signal strong financial health and shareholder value.
• Approximately $5.2 billion in cash dividend payments in the first half of 2021.

Negative

• None.

Consistency of dividend increase reflects Board’s confidence in service revenue growth and multi-purpose network strategy

NEW YORK, Sept. 02, 2021 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2021, to Verizon shareholders of record at the close of business on October 8, 2021.

This is the 15th consecutive year Verizon’s Board has approved a quarterly dividend increase.

Chairman and CEO Hans Vestberg said, “We continue to deliver value to our shareholders as we execute our multi-purpose network strategy and grow the top and bottom lines.”

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made approximately $5.2 billion in cash dividend payments in the first half of 2021.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is 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 $128.3 billion in 2020. 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:
Kim Ancin
kimberly.ancin@verizon.com
908.801.0500

Eric Wilkens
eric.wilkens@verizon.com
201.572.9317
@ericwilkens

FAQ

What is Verizon's dividend amount and payment date for 2021?

Verizon has declared a quarterly dividend of 64 cents per share, payable on November 1, 2021.

How many consecutive years has Verizon increased its dividend?

Verizon has increased its dividend for 15 consecutive years.

When will shareholders of Verizon receive the dividend?

Shareholders will receive the dividend on November 1, 2021, if they are on record by October 8, 2021.