12/1/22: Verizon declares quarterly dividend
Verizon Communications has announced a quarterly dividend of 65.25 cents per share, maintaining its previous payout level.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Verizon Communications has announced a quarterly dividend of 65.25 cents per share, maintaining its previous payout level. This dividend is payable on February 1, 2023, for shareholders on record by January 10, 2023. The company, with about 4.2 billion shares outstanding, has returned approximately $8.1 billion in cash dividends over the last three quarters. Verizon's revenue was reported at $133.6 billion in 2021, emphasizing its strong position in the technology and communications sector.
Positive
- Quarterly dividend of 65.25 cents per share maintained, providing consistent income for shareholders.
- Approximately $8.1 billion in cash dividend payments over the last three quarters indicates strong cash flow and commitment to shareholder returns.
Negative
- None.
Details
News Market Reaction – VZ
The recorded move for VZ in the trading session of this news was -1.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2023, to Verizon shareholders of record at the close of business on January 10, 2023.
Chairman and CEO Hans Vestberg said, "Our focused network strategy and our consistently disciplined approach continue to put our Board in a position to execute on our dividend payout to shareholders."
Verizon has approximately 4.2 billion shares of common stock outstanding. The company made approximately
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
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
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