Verizon Comms Stock Price, News & Analysis

Verizon (NYSE: VZ) has announced its commitment to achieve carbon neutrality by 2035, joining The Climate Pledge to meet the Paris Agreement 10 years early. The company plans to invest $1 billion through green bonds to enhance its sustainability initiatives, targeting 50% renewable energy use by 2025. This initiative includes implementing decarbonization strategies, reporting greenhouse gas emissions, and fostering innovation in low carbon products. Verizon aims to be a leader in corporate sustainability, positively impacting the environment and its operations.

Verizon collaborated with the Cherokee Nation to establish a virtual hotline using its OneTalk service during the COVID-19 pandemic. This initiative aids around 2,000 fluent Cherokee speakers in accessing crucial information and services in their native language. The hotline ensures that calls from elders are promptly answered, facilitating communication related to health and food assistance. Additionally, Verizon supports distance learning for Cherokee language students, enhancing community engagement during a challenging time.

On June 15, 2020, Verizon Communications (NYSE: VZ) announced the redemption of several outstanding notes on July 15, 2020. The nominal value of the notes totals approximately $12.2 million, with each note being redeemed at 100% of its principal amount plus accrued interest. The notes affected include various Verizon InterNotes with due dates ranging from January 2029 to June 2030. This action reflects Verizon's ongoing financial management strategy to optimize its capital structure.

Verizon 5G Home Internet has launched in Detroit, marking the sixth city to offer this wireless broadband service. The plan costs $50/month for Verizon customers and $70/month for others, with no hidden fees or annual contracts. Customers can also enjoy various entertainment options, including a year of Disney+ and a month of YouTube TV at no additional cost. Enhanced services are now available in parts of Indianapolis and Los Angeles, with plans to expand to ten cities by the end of 2020.

Verizon Communications (NYSE: VZ) announced a quarterly dividend of 61.50 cents per share, remaining unchanged from previous quarters. This dividend is payable on August 3, 2020, to shareholders on record by the close of business on July 10, 2020. In 2019, Verizon distributed approximately $10.02 billion in cash dividends, with around 4.1 billion shares outstanding. Verizon generated $131.9 billion in revenues last year, showcasing its strong market presence in technology and communications.

Verizon Communications Inc. (NYSE: VZ) will announce its second quarter 2020 earnings on July 24, 2020. The results will be presented via a webcast at 8:30 a.m. ET, with access instructions available on Verizon's Investor Relations website at https://www.verizon.com/about/investors starting at 7:30 a.m. ET. Verizon, headquartered in New York City, recorded $131.9 billion in revenue in 2019, focusing on voice, data, and video services across its award-winning networks.

On May 27, 2020, Verizon (NYSE: VZ) announced that Ronan Dunne, executive vice president and CEO for Verizon Consumer, will speak at the virtual Bernstein 36th Annual Strategic Decisions Conference on May 28 at 3 p.m. ET. Interested parties can access the webcast through Verizon's Investor Relations website. Celebrating its 20th anniversary as a leading provider in technology and communications, Verizon generated $131.9 billion in revenue in 2019, offering various voice, data, and video services. For more updates, visit Verizon's online media center.

Verizon and the Los Angeles Unified School District have amended their agreement to enhance distance learning for students in California. This partnership aims to bridge the digital divide, providing internet access to low-income families. Verizon's commitment includes unlimited connectivity at discounted rates, aiding hundreds of thousands of additional students. This initiative supports the California Department of Education's mission to ensure every student has the necessary technology for academic success. LAUSD serves nearly 700,000 students, making it one of the largest school districts in the U.S.