2/28/22: Verizon declares quarterly dividend
The Board of Directors at Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with previous quarters.
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
The Board of Directors at Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with previous quarters. This dividend is payable on May 2, 2022, to shareholders on record by April 8, 2022. Verizon reported $10.4 billion in cash dividend payments in 2021 and has approximately 4.198 billion shares outstanding. Chairman Hans Vestberg credited the company's operational performance for enabling this return to shareholders, as Verizon generated $133.6 billion in revenues last year.
Positive
- Stable quarterly dividend of 64 cents per share reflects consistent operational performance.
- Strong revenue generation of $133.6 billion in 2021 indicates robust market presence.
- Significant cash dividend payments of $10.4 billion demonstrate commitment to shareholder returns.
Negative
- None.
Details
News Market Reaction – VZ
The recorded move for VZ in the trading session of this news was -0.83%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 2, 2022, to Verizon shareholders of record at the close of business on April 8, 2022.
Chairman and CEO Hans Vestberg said, “We are pleased that our consistent operations performance has once again put our Board in a position to return a dividend to our shareholders.”
Verizon has 4.198 billion shares of common stock outstanding. The company made
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:
Kim Ancin
Kimberly.Ancin@verizon.com
908.801.0500
Eric Wilkens
eric.wilkens@verizon.com
201.572.9317
FAQ
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