Verizon Comms Stock Price, News & Analysis

The Board of Directors of Verizon Communications declared a quarterly dividend of 66.50 cents per share, consistent with the previous three quarters. This dividend will be payable on August 1, 2024, to shareholders of record by July 10, 2024. Chairman and CEO Hans Vestberg emphasized the company's confidence in its cash flow and dedication to shareholder value. Verizon aims to raise the dividend later this year, continuing a 17-year trend. Verizon has around 4.2 billion shares outstanding and paid over $11 billion in cash dividends in 2023. In 2023, Verizon generated $134 billion in revenue, offering various technology and communication services worldwide.

Verizon's Frontline Crisis Response Team has mobilized to support over 1,000 first responders tackling wildfires in New Mexico. The team provided Satellite Picocells on Trailers (SPOTs) and other Verizon Frontline solutions to enhance communication in remote areas, particularly in Santa Fe National Forest and Lincoln County Emergency Operations Center. Equipment such as smartphones, jetpacks, and network extenders was deployed to ensure critical voice and data services. Verizon's initiative is part of its ongoing commitment to public safety, bringing advanced technology to first responders at no cost. Verizon generated $134 billion in revenue in 2023.

Verizon has been named a Gold Verified Peering Provider (VPP) by Google, allowing it to offer optimized connectivity services to Google applications like Google Workspace, Google Cloud, and Google APIs.

As a Gold VPP, Verizon can provide simplified and reliable connectivity to Google's services, benefitting customers who prefer offloading the complexities of network management. This designation is the highest tier within Google's VPP program, demonstrating Verizon's extensive and diverse connectivity capabilities across multiple metropolitan areas.

Verizon's secure and efficient broadband services aim to reduce latency and enhance the customer experience, particularly for those involved in latency-sensitive operations such as secure access service edge (SASE) and SD-WAN migrations.

Google recognizes Verizon's global network footprint and enterprise connectivity offerings as ideal for providing high-quality connectivity services to mutual customers.

Verizon Business and Samsung Electronics America will host their award-winning Innovation Sessions in New York City on June 5 at Radio City Music Hall. This event will highlight the latest advancements in 5G technology and its transformative potential for businesses. Attendees will witness demonstrations of current technology and participate in discussions on digital transformation and innovation.

The collaboration aims to showcase how 5G can revolutionize various industries by enhancing connectivity and operational efficiency. Keynote speakers and industry experts will provide insights into the practical applications of 5G technology, driving forward-thinking conversations on its future impact.

This session is part of Verizon Business's ongoing efforts to lead in 5G deployment and underscore their commitment to innovation and technological progress.

Starting today, Verizon offers new and existing customers the iPhone 15 for free with any iPhone trade-in, regardless of model or condition. This is part of Verizon's Ultimate Phone Upgrade, available to those on the Unlimited Ultimate plan, which includes features like 5G Ultra Wideband, 60GB of mobile hotspot, international roaming, and global calling. The iPhone 15 boasts a durable design, the A16 Bionic chip, and a 48MP camera. Verizon also offers Apple One for $10 per month, providing Apple Music, Apple TV+, Apple Arcade, and iCloud+.

Verizon Public Sector has been awarded a 10-year contract by the Department of the Navy (DON) for wireless devices and services, under the Wireless and Telecommunications Services contract vehicle (Spiral 4). The contract is valued at up to $2.67 billion. This contract includes improvements in industry standards, technology, and pricing plans over the previous iteration. The contract will serve not only DON but also the broader Department of Defense (DoD). Verizon's history of digital modernization partnerships with federal agencies, including Spiral 3, played a role in their selection. Key services provided will include voice, data, IoT, and mobility management.

Verizon has announced an additional donation of $65,000 to Johns Hopkins University and Medicine initiatives in Washington, D.C., and Baltimore, adding to a previous $50,000 donation. The new funds will support 'The Power Shift' event series, focusing on the intersection of AI and telemedicine, with the first event scheduled for May 30 at the Hopkins Bloomberg Center. Verizon is also sponsoring a Baltimore educational summit, focusing on AI's impact on healthcare and local government. Additionally, Verizon will continue supporting the 'Leading in a Diverse Society' initiative at Johns Hopkins Carey Business School. This donation aligns with Verizon's broader goal of educating individuals on AI and tech skills, part of their Citizen Verizon initiative aimed at preparing 500,000 individuals for future jobs by 2030.

AST SpaceMobile (NASDAQ: ASTS) and Verizon (NYSE, NASDAQ: VZ) have announced a strategic partnership aimed at providing 100% geographical coverage of the continental United States using the premium 850 MHz spectrum. This collaboration involves a $100 million commitment from Verizon, which includes $65 million in commercial prepayments and $35 million in convertible notes. The partnership aims to eliminate dead zones and enhance connectivity, particularly in remote areas. AST SpaceMobile's technology is produced in Midland, Texas, and the company has agreements with over 45 mobile network operators globally, serving 2.8 billion subscribers worldwide.

Verizon has launched the Ultimate Phone Upgrade, extending its best deals to both new and existing customers. Starting May 30, customers can access top-tier phone offers without switching carriers. This includes perks for those on the Unlimited Ultimate plan, such as 5G Ultra Wideband, 60GB mobile hotspot, and high-speed international roaming.

Additionally, Verizon is enhancing its streaming and content services. New partnerships with YouTube Premium and Peacock provide exclusive discounts, with YouTube Premium available for $10 monthly and Peacock joining Verizon's +play hub on June 5. These new offers are part of Verizon's plan to provide customers with unparalleled savings and the flexibility to personalize their plans.