Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications stock.
Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has increased its quarterly dividend for the 18th consecutive year. The Board of Directors declared a dividend of 67.75 cents per share, up 1.25 cents from the previous quarter. This dividend will be payable on November 1, 2024, to shareholders of record as of October 10, 2024.
CEO Hans Vestberg attributes this increase to Verizon's focus on wireless service revenue growth, adjusted EBITDA expansion, and free cash flow generation. In the first half of 2024, Verizon made nearly $5.6 billion in cash dividend payments. The company, which serves millions of customers worldwide and nearly all Fortune 500 companies, generated revenues of $134.0 billion in 2023.
Verizon's Chairman and CEO, Hans Vestberg, is set to speak at the Goldman Sachs Communacopia + Technology Conference on September 9, 2024, at 11:50 a.m. ET. The event will be webcast, with access details available on Verizon's Investor Relations website. Verizon (NYSE, Nasdaq: VZ), headquartered in New York City, is a leading telecommunications company serving millions of customers worldwide, including nearly all Fortune 500 companies.
In 2023, Verizon generated revenues of $134.0 billion. The company focuses on providing mobility, reliable network connectivity, and security solutions. Verizon's team continually innovates to meet current and future customer needs. For more information, visit verizon.com or find a retail location at verizon.com/stores.
Verizon (NYSE, Nasdaq: VZ) has announced that Joe Russo, Executive Vice President and President of Global Networks and Technology, will speak at the Citi 2024 Global TMT Conference on Thursday, September 5, at 9:10 a.m. ET. The event will be webcast, with access instructions available on Verizon's Investor Relations website.
Verizon, formed in 2000, is a leading provider of technology and communications services. Headquartered in New York City, the company generated revenues of $134.0 billion in 2023. Verizon offers data, video, and voice services, focusing on mobility, reliable network connectivity, and security.
For more information, interested parties can visit Verizon's online media center at verizon.com/news or subscribe to their RSS feed at www.verizon.com/about/rss-feeds/.
Verizon (NYSE, Nasdaq: VZ) has announced that Sowmyanarayan Sampath, Executive Vice President and CEO of Verizon Consumer, will speak at the BofA Securities 2024 Media, Communications & Entertainment Conference on September 4, 2024, at 8:00 a.m. ET. The event will be webcast with access instructions available on Verizon's Investor Relations website.
Verizon, formed in 2000, is a leading global provider of technology and communications services. Headquartered in New York City, the company generated revenues of $134.0 billion in 2023. Verizon offers data, video, and voice services, focusing on mobility, reliable network connectivity, and security.
Verizon Connect, a leading fleet management solutions provider, has announced new features to help fleet operators manage vehicle emissions more effectively. The company has been chosen for the California Bureau of Automotive Repair (BAR) Continuous Testing Program (CTP) pilot, allowing California government entities to submit telematics data directly to BAR, eliminating the need for physical smog tests. Additionally, Verizon Connect has launched the Emission System Report, a tool providing detailed information on vehicle emissions-related systems, including fault codes and check engine light status. These initiatives aim to simplify compliance with environmental regulations, reduce downtime, and contribute to sustainability goals for fleet operators across the United States and Canada.
Verizon (NYSE, Nasdaq: VZ) has announced significant updates to its Verizon Visa® Card, offering enhanced rewards and savings for both Verizon Wireless and Fios customers. The card now provides 4% rewards on Verizon purchases, grocery stores, gas (including EV charging), and dining, with 1% on other purchases. Cardholders can save up to $10 per account or line monthly on their Verizon bills through Auto Pay. New customers can receive a $100 statement credit after their first purchase within 90 days. Notably, Fios-only customers are now eligible to apply for the card. The Verizon Visa® Card, issued by Synchrony (NYSE: SYF), has no annual fee and allows customers to earn unlimited Verizon Dollars with no expiration date.
Total Wireless, a prepaid wireless provider on Verizon's network, has launched a new promotion targeting Metro, Mint Mobile, and T-Mobile customers. New customers who port in two or more lines from these carriers can get unlimited 5G data for $15 per month per line on the Total 5G Unlimited plan. This offer includes a five-year price guarantee with taxes and fees included.
The promotion follows Visible's recent deal for single-line switchers and comes shortly after Mint Mobile's offer for AT&T and Verizon switchers. Total Wireless' offer is designed for T-Mobile customers needing multiple lines. Additional benefits include faster data that never slows down and a $200 Anniversary Credit towards any 5G phone after 12 monthly plan payments.
Verizon and Skylo have partnered to launch a commercial direct-to-device messaging service for Verizon customers, providing connectivity in areas without cellular coverage. Starting this fall, select smartphones will have access to emergency messaging and location sharing via satellite. By next year, Verizon plans to offer text-anywhere satellite capabilities for certain devices.
Verizon is the first mobile carrier globally to launch supplemental smartphone connectivity on Skylo's non-terrestrial satellite network. The companies are also collaborating on satellite IoT technology, successfully demonstrating how Verizon-enabled IoT devices can roam onto satellite networks when out of cellular range. This innovation has potential applications in transportation, agriculture, maritime, environmental monitoring, and asset tracking.
Verizon remains prepared for Hurricane Hone's impact on Hawaii, demonstrating its commitment to keeping communities and first responders connected. The company's Response Team has conducted year-round preparations, including emergency drills, network infrastructure fortification, and resource mobilization for rapid response.
Verizon's network is engineered to withstand severe weather, featuring redundancy in critical components. The company has over 550 portable network assets, 300 satellite-based portable network assets, and more than 1,000 mobile generators ready for deployment. The Verizon Frontline Crisis Response Team, composed primarily of former first responders and military personnel, stands ready to support public safety agencies at no cost.
In 2023, Verizon supported agencies during three major hurricanes, and in the first seven months of 2024, the team has responded to nearly 800 requests from over 400 agencies in 44 states. Verizon also supports its employees through the VtoV Employee Relief Fund, providing aid during natural disasters or emergencies.
Simple Mobile, a Verizon no-contract wireless provider, has introduced its LifeLine discount program for California residents. Eligible customers can get a 30GB wireless plan for as low as $1/month when combined with the Federal Lifeline program. This comes as Simple Mobile launches a promotion offering 3x the high-speed data on select plans.
Key points:
- California LifeLine program offers $29 off the $30 plan price
- QR code application process at authorized retailers
- Automatic qualification for SNAP, Medicaid, and Veterans Pension beneficiaries
- Over 700 locations in California and 5,000 nationwide
- Expansion of Lifeline program across the U.S.