3/2/23: Verizon declares quarterly dividend
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.
Sentiment and the balance of points
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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.
Details
News Market Reaction – VZ
The recorded move for VZ in the trading session of this news was +0.29%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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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