Verizon increases dividend for 16th consecutive year
Verizon Communications has declared a quarterly dividend of 65.25 cents per share, marking a 1.25 cent increase from the previous quarter.
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Rhea-AI Summary
Verizon Communications has declared a quarterly dividend of 65.25 cents per share, marking a 1.25 cent increase from the previous quarter. The dividend, reflecting the company's strong financial discipline, is set to be paid on November 1, 2022, to shareholders of record as of October 7, 2022. This is the 16th consecutive year of dividend increases, showcasing Verizon's commitment to delivering long-term value. In the first half of 2022, the company paid out approximately $5.4 billion in cash dividends.
Positive
- Quarterly dividend increased to 65.25 cents per share.
- 16th consecutive year of dividend increases.
- Demonstrates strong cash flow with $5.4 billion in dividend payments in H1 2022.
Negative
- None.
Details
News Market Reaction – VZ
The recorded move for VZ in the trading session of this news was -0.48%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company has the longest current streak of dividend increases in the U.S. telecom industry
NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2022, to Verizon shareholders of record at the close of business on October 7, 2022.
This is the 16th consecutive year Verizon’s Board has approved a quarterly dividend increase.
“Our consistently disciplined approach to the market to maximize growth and profitability has again put the Verizon Board in a position to raise the dividend,” said Chairman and CEO Hans Vestberg. “We will continue to execute our network-as-a-service strategy to deliver long-term shareholder value.”
Verizon has approximately 4.2 billion shares of common stock outstanding. The company made approximately
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, 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:
Eric Wilkens
eric.wilkens@verizon.com
201-572-9317
@ericwilkens
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