Verizon Comms Stock Price, News & Analysis

Verizon Communications has announced a quarterly dividend of 65.25 cents per share, maintaining its previous payout level. This dividend is payable on February 1, 2023, for shareholders on record by January 10, 2023. The company, with about 4.2 billion shares outstanding, has returned approximately $8.1 billion in cash dividends over the last three quarters. Verizon's revenue was reported at $133.6 billion in 2021, emphasizing its strong position in the technology and communications sector.

Verizon has announced the launch of a reCharge Gaming Lounge at MetLife Stadium for select football games in December. The lounge will offer fans a unique pre-game experience, featuring charging stations, gaming activities, and appearances by former NFL players, including Madden NFL 23 gameplay. Additionally, attendees can learn about the Verizon Visa Card, which provides rewards on purchases, including 4% on groceries and 3% on dining. The lounge will operate from 11:00 AM to 3:00 PM during three home games on December 4, 11, and 18.

Verizon and Ericsson will showcase 5G innovations at the Footprint Center on December 6. The event features executives from major companies including Amazon Web Services and Ticketmaster, demonstrating various 5G applications like real-time container tracking and crowd analytics. Verizon's focus is to highlight how 5G technology can enhance productivity and innovation across industries. Moreover, Verizon has expanded its 5G Ultra Wideband deployment in Phoenix, improving connectivity for customers and public safety agencies.

Verizon Small Business Digital Ready has launched a program aimed at supporting Hispanic-owned small businesses by providing access to Spanish language resources. This initiative includes online courses, expert coaching, and personalized mentorship.

Eligible businesses can apply for a $10,000 grant from a total fund of $250,000, with a deadline of January 13, 2023, for applications. By 2030, Verizon aims to assist 1 million small businesses in thriving within the digital economy. Special discounts are also available for Business Internet customers until December 9, 2022.

Verizon Business announced a global partnership with Wipro Limited to enhance network modernization and cloud transformation through a Network-as-a-Service (NaaS) model. This collaboration aims to shift customers from traditional hardware dependency to an automated, flexible network service. An IDC survey indicated that 69% of technology decision-makers plan to invest in network transformation within the next year. Verizon's expertise is highlighted as a leader in network services, while Wipro aims to deliver operational efficiencies and agility through this innovative offering.

Verizon hosted its 2022 Partner Advisory Council (PAC) meeting in Basking Ridge, N.J., focusing on strategic planning and program evolution for 2023. The event brought together various channel partners, emphasizing collaboration to enhance service delivery. Attendees toured the Verizon 5G Boston Innovation Center and participated in volunteer activities for Operation Gratitude. Verizon's channel program received a 5-star rating from CRN in 2022, underscoring its industry leadership. In 2021, Verizon generated revenues of $133.6 billion, positioning itself as a top technology and communications service provider.

Verizon announces exclusive Black Friday offers on Apple products, including the iPhone 14 Pro, Apple Watch SE, iPad, and Beats Fit Pro, available for a limited time. New customers can receive the iPhone 14 Pro for free with trade-in and a qualifying 5G Unlimited plan. Existing customers may save up to $800 with similar trade-in options. Additionally, the One Unlimited for iPhone plan offers Apple One services, including Apple Music and Apple TV+, for up to six family members. Discounts on accessories are also available, emphasizing Verizon's commitment to delivering value.

Verizon is spreading holiday cheer with a promotional offer of a free 5G phone and additional gifts like tablets and smartwatches for customers on select plans. The initiative is celebrated in a new Spanish-language commercial featuring Cristo Fernández during the Latin GRAMMYs. Verizon also aims to support Hispanic small businesses by providing free online curriculum to aid their digital transformation. This commitment is part of Verizon's goal to assist 1 million small businesses by 2030, enhancing economic empowerment within the community.

Verizon Test Drive offers potential customers a chance to experience America’s Most Reliable 5G Network for free for 30 days. Users can access up to 100 GB of 4G/5G data with unlimited talk and text, using just an unlocked smartphone and eSIM. The program does not disrupt existing services and requires no commitment or credit checks. Customers can switch to Verizon at any time and explore different 5G Unlimited plans. With promotional offers, including up to $500 per line for new customers, Verizon aims to attract users from other carriers.