3/2/23: Verizon declares quarterly dividend

Rhea-AI Summary

The Board of Directors at Verizon Communications has declared a quarterly dividend of 65.25 cents per share, maintaining the same rate for the last two quarters. The dividend is scheduled for payment on May 1, 2023, to shareholders recorded by April 10, 2023. CEO Hans Vestberg emphasized Verizon's status as the strongest cash-generating company in the industry, highlighting a consistent dividend increase over 16 years. In 2022, Verizon paid $10.8 billion in dividends and generated revenues of $136.8 billion.

Positive

• Declared a quarterly dividend of 65.25 cents per share, unchanged from previous quarters.
• Consistent dividend increase for 16 consecutive years.
• Paid $10.8 billion in dividends in 2022, reflecting strong cash generation.
• Generated revenues of $136.8 billion in 2022, showcasing solid financial performance.

Negative

• None.

NEW YORK, March 02, 2023 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 1, 2023, to Verizon shareholders of record at the close of business on April 10, 2023.

“As the strongest cash generating company in the industry, we have raised our dividend 16 years in a row,” said Chairman and CEO Hans Vestberg. “We continue to execute with financial discipline and remain committed to delivering long term shareholder value.”

Verizon has 4.2 billion shares of common stock outstanding. The company made $10.8 billion in cash dividend payments in 2022.

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 $136.8 billion in 2022. 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

What is the dividend amount declared by Verizon in March 2023?

Verizon declared a quarterly dividend of 65.25 cents per share.

When will Verizon's dividend be paid to shareholders?

The dividend will be paid on May 1, 2023.

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

The record date for the dividend is April 10, 2023.

How much did Verizon pay in dividends in 2022?

Verizon paid a total of $10.8 billion in dividends in 2022.

How long has Verizon been increasing its dividends?

Verizon has increased its dividends for 16 consecutive years.