Verizon Comms Stock Price, News & Analysis

Verizon's Summer Tech Offerings: Verizon has unveiled a range of tech gadgets ideal for summer travel, including the JBL Flip 6 speaker for music on the go, Chromecast with Google TV for streaming, and the Razer Kishi Gaming Controller for gaming anywhere. The company highlights 5G Unlimited plans featuring perks like a complimentary TravelPass day and unlimited mobile hotspot data. Verizon's 5G Ultra Wideband service is available in popular vacation spots, ensuring connectivity. With solid revenues of $133.6 billion in 2021, Verizon continues to innovate and provide reliable services.

Verizon's Responsible Marketing Action Plan has successfully exceeded its 2021 goals and introduced new objectives for 2022, aiming to enhance diversity, equity, and inclusion (DE&I) in marketing. Key highlights include spending 65% on diverse video production and a 40% goal for 2022 across all media. The company reported that 39.3% of its marketing team are people of color, with women making up 51.7%. Verizon achieved a 99.4% brand safety rating in media placements and continues initiatives like the adfellows program, fostering diverse marketing leaders with a 98% job placement rate.

Verizon reports a significant rise in 5G Ultra Wideband data usage, which has surged by 249% since January 2021, reflecting escalating demand among consumers and businesses. By the end of 2022, Verizon aims to deliver 175 million points of presence (POPs), expanding to 250 million by 2024. States like California and Indiana are leading in data consumption, with Maryland seeing a remarkable 1631% growth. The company's 5G technology enhances digital transformation and boosts connectivity across various sectors.

Verizon has launched a #CarrierClapback campaign aimed at countering competitors' misleading claims. The campaign highlights a timeline of Verizon's past fee changes, including the introduction of taxes and fees in pricing plans. The company emphasizes its commitment to providing the most reliable 5G service and offers savings of up to $90/month when combined with home internet. Additionally, Verizon reported revenues of $133.6 billion in 2021, showcasing its position as a leading provider in technology and communications.

On May 31, 2022, Verizon showcased its robust 5G Ultra Wideband capabilities during the Indianapolis 500, where over 325,000 attendees used more than 17 terabytes of data. This significant data usage surpassed the 15 terabytes used at a recent Miami event. Verizon's 5G network provides high-speed and reliable connectivity in over 75 stadiums and 1,700 cities, with 52% of traffic in Indianapolis on 5G. CEO Hans Vestberg emphasized the network's capabilities, aligning with Verizon's focus on mobility and innovative solutions, contributing to the company's revenue of $133.6 billion in 2021.

Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with the previous three quarters. This dividend is payable on August 1, 2022, to shareholders on record as of July 8, 2022. The company has 4.198 billion shares outstanding and paid out $10.4 billion in dividends in 2021, highlighting its commitment to shareholder value. Verizon generated $133.6 billion in revenues for 2021, focusing on growth across five vectors and delivering essential technology and communication services.

Verizon has announced a promotional offer for new Fios and 5G Home Internet customers, providing complimentary SimpliSafe security bundles valued up to $400. Eligible customers can receive different security packages based on their internet plan, enhancing home security during the summer travel season. Verizon's 5G Home Internet starts at $25 per month and is available to over 30 million people. This initiative supports Verizon's growth in mobility and nationwide broadband, further solidifying its competitive position in the market.