3.3.21: Verizon declares quarterly dividend

Rhea-AI Summary

Verizon Communications has declared a quarterly dividend of 62.75 cents per share, consistent with previous payouts. This dividend will be payable on May 3, 2021, to shareholders recorded by April 9, 2021. The company has approximately 4.1 billion shares outstanding, with $10.23 billion paid in dividends in 2020. Verizon generated $128.3 billion in revenues last year, establishing its status as a leading provider of communication services globally.

Positive

• Quarterly dividend of 62.75 cents per share remains unchanged, signaling stability.
• Approximately 4.1 billion shares outstanding, indicating a strong shareholder base.
• In 2020, Verizon made $10.23 billion in cash dividend payments, demonstrating strong cash flow.
• Total revenue of $128.3 billion in 2020 shows robust business performance.

Negative

• None.

BASKING RIDGE, N.J., March 03, 2021 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 62.75 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 3, 2021, to Verizon shareholders of record at the close of business on April 9, 2021.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $10.23 billion in cash dividend payments in 2020.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and 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 https://www.verizon.com/about/media-center. 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 for Q2 2021?

The dividend amount declared by Verizon for Q2 2021 is 62.75 cents per share.

When is the dividend payable to Verizon shareholders?

The dividend is payable on May 3, 2021.

What is the record date for Verizon's Q2 2021 dividend?

The record date for the dividend is April 9, 2021.

How much in cash dividends did Verizon pay in 2020?

In 2020, Verizon paid approximately $10.23 billion in cash dividends.

What were Verizon's revenues in 2020?

Verizon generated $128.3 billion in revenues for the year 2020.