Verizon Comms Stock Price, News & Analysis

Verizon announced an exchange offer for its eight series of outstanding notes maturing from 2024 to 2026, allowing eligible holders to exchange them for new notes due in 2032. The exchange offers commence on September 2, 2021, and expire on October 1, 2021. Eligible holders must tender their old notes by September 16, 2021, to qualify for early participation payments. The exchange is capped at $3.5 billion, with various conditions including a minimum issue requirement of $1 billion. All transactions depend upon satisfying certain conditions as detailed in the offering memorandum.

Verizon is responding to the impact of wildfires in Northern California by offering unlimited calling, texting, and data from September 1 to September 7, 2021, for affected consumer and small business customers. This initiative covers specific zip codes related to the Caldor, Dixie, French, and Monument Fires. Additionally, changes to retail store hours may occur due to evacuation orders, and customers are encouraged to check online for updates. The Verizon Response Team is prepared to assist emergency communications.

Verizon Communications has declared a quarterly dividend of 64 cents per share, reflecting a 1.25 cents increase from the last quarter. This dividend, marking the 15th consecutive increase, is payable on November 1, 2021, to shareholders recorded by October 8, 2021. The company's confidence in revenue growth stems from its multi-purpose network strategy. With approximately 4.1 billion shares outstanding, Verizon paid around $5.2 billion in dividends in the first half of 2021, contributing to its substantial revenue of $128.3 billion in 2020.

Verizon Frontline has deployed over 300 advanced communication solutions to support more than 35 public sector agencies in Southeastern Louisiana following Hurricane Ida. The Verizon Response Team, activated prior to the storm, has provided essential technology such as satellite pico-cells, network extenders, and mobile hotspots to assist first responders in emergency operations. This ongoing support highlights Verizon's commitment to public safety and disaster response. The team will remain on-site as needed to aid agencies dealing with power outages and extensive storm damage.

Verizon announced a $100,000 donation to the Foundation for Louisiana to aid communities impacted by Hurricane Ida. This contribution supports the Hurricane Ida Relief Fund for Evacuation and Recovery. Verizon's commitment reflects its dedication to community support during crises, as highlighted by executive statements emphasizing the necessity of public-private partnerships in recovery efforts. Additionally, Verizon encourages customers to donate through text messages to aid organizations like World Central Kitchen and The Salvation Army, reinforcing its community-focused approach.

Verizon has announced a new on-premises, private edge compute solution in partnership with Microsoft. This solution utilizes 5G Edge with Microsoft Azure Stack Edge, allowing businesses to deploy real-time applications with ultra-low latency. It enhances efficiency, security, and performance for applications in computer vision, augmented reality, and machine learning. Ice Mobility is one of the first users, improving its product packing processes. Industry analysts predict this deployment model will drive growth in critical industrial use cases.

Verizon prepares for the impact of Hurricane Ida, mobilizing resources and technology to ensure communication continuity for first responders and communities. The Verizon Response Team is on standby, equipped with mobile assets, including drones and portable cell sites, to maintain connectivity during potential power outages and flooding. The company's strategy includes backup generators, on-demand emergency services, and a commitment to support public safety communication. With extensive year-round emergency drills, Verizon aims to provide reliable partnerships during disasters.

Verizon has released its Green Bond Impact Report, detailing the allocation of nearly $1 billion from its second green bond. The company is the first U.S. telecom to issue such bonds, totaling $2 billion to support renewable energy projects aimed at achieving net zero emissions by 2035. All proceeds from the second bond have funded 1 GW of renewable capacity, with 83% from solar and 17% from wind energy. This initiative is in line with Verizon’s Citizen Verizon program for responsible business practices.

Verizon is waiving call charges to Afghanistan for both consumer and business wireless customers, as well as residential landline customers, from August 24 to September 6, 2021. This initiative aims to support those wishing to connect with loved ones during a critical time. Additionally, customers can donate $10 to aid efforts in Afghanistan by texting RESCUE to 25383. Verizon, a leading technology and communications provider, generated $128.3 billion in revenue in 2020, indicating its strong market position.