Verizon declares quarterly dividend on February 28
Rhea-AI Summary
Verizon (VZ) has declared a quarterly dividend of 67.75 cents per share, maintaining the same rate as the previous quarter. The dividend will be paid on May 1, 2025, to shareholders of record as of April 10, 2025.
The company highlighted its strong performance in 2024, reporting that it more than doubled wireless postpaid phone net additions compared to 2023 and gained broadband market share through Fios and fixed wireless access. With approximately 4.2 billion shares outstanding, Verizon distributed over $11.2 billion in cash dividends during 2024.
The company generated revenues of $134.8 billion in 2024 and has maintained 18 consecutive years of dividend increases, demonstrating its commitment to financial discipline and shareholder returns while advancing its customer-centric strategy.
Positive
- 18 consecutive years of dividend increases
- Doubled wireless postpaid phone net additions vs 2023
- Gained broadband market share in Fios and fixed wireless
- $134.8B revenue in 2024
- $11.2B in dividend payments in 2024
- Met financial guidance with revenue growth
Negative
- Quarterly dividend remained flat at $0.6775 per share
News Market Reaction
On the day this news was published, VZ declined 0.39%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on May 1, 2025, to Verizon shareholders of record at the close of business on April 10, 2025.
Verizon demonstrated strong performance in 2024, as it more than doubled wireless postpaid phone net additions compared to 2023, and continued to take broadband market share with Fios and fixed wireless access. The company delivered on financial guidance with impactful revenue growth and operational results and is well positioned to meet its 2025 financial guidance and operational goals.
“As the industry leader with 18 consecutive years of dividend increases, we see Verizon’s growth and strong performance as a testament to our continued focus on growing connections and strengthening the value of our customer relationships,” said Chairman and CEO Hans Vestberg. “We continue to advance our customer-centric strategy and our commitment to delivering the highest quality mobility, broadband and networking products and services, while maintaining our financial and operational discipline.”
Verizon has approximately 4.2 billion shares of common stock outstanding. The company made more than
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Media contact:
Jamie Serino
jamie.serino@verizon.com
(201) 401-5460
FAQ
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