12/2/21: Verizon declares quarterly dividend

Verizon Communications declared a quarterly dividend of 64 cents, maintaining the previous rate.

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Rhea-AI Summary

Verizon Communications declared a quarterly dividend of 64 cents, maintaining the previous rate. The dividend will be paid on February 1, 2022, to shareholders recorded by January 10, 2022. CEO Hans Vestberg emphasized the company's strategy aimed at providing value to shareholders. Verizon has about 4.1 billion shares outstanding and has paid approximately $7.8 billion in dividends over the last three quarters. In 2020, the company reported revenues of $128.3 billion, positioning itself as a leading communications provider.

Positive

Quarterly dividend of 64 cents maintained, signaling financial stability.
Approximately $7.8 billion paid in dividends over the last three quarters, showcasing robust cash flow.
Strong revenue generation of $128.3 billion in 2020, indicating solid business fundamentals.

Negative

None.

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News Market Reaction – VZ

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12/02/2021 - 11:53 AM

NEW YORK, Dec. 02, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2022, to Verizon shareowners of record at the close of business on January 10, 2022.

Chairman and CEO Hans Vestberg said, “Our disciplined strategy and execution continues to create short- and long-term value for our shareholders.”

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made approximately $7.8 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 $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:
Eric Wilkens
eric.wilkens@verizon.com
201.572.9317
@ericwilkens

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the Verizon dividend amount for February 2022?

Verizon declared a quarterly dividend of 64 cents, payable on February 1, 2022.

When is the Verizon dividend payment date?

The dividend payment date for Verizon is February 1, 2022.

What is the record date for Verizon's dividend payment?

The record date for Verizon's dividend payment is January 10, 2022.

How much has Verizon paid in dividends over the last three quarters?

Verizon has paid approximately $7.8 billion in dividends over the last three quarters.

What were Verizon's revenues for 2020?

Verizon generated revenues of $128.3 billion in 2020.

12/2/21: Verizon declares quarterly dividend