Verizon Announces Quarterly Dividend and Strong Business Growth
Verizon Declares Quarterly Dividend
Verizon Communications Inc. (NYSE: VZ) has made a significant decision by declaring a quarterly dividend of 67.75 cents per outstanding share, reflecting stability as it remains unchanged from the previous quarter. This announcement highlights the company's commitment to rewarding its shareholders and shows confidence in its continued performance.
Company Performance and Shareholder Returns
Prior to the dividend's payment, which is set for May 1, shareholders will need to be on record by April 10. This timeline ensures that investors are well-prepared to take advantage of this financial benefit.
In terms of performance, Verizon reported exceptional growth in 2024, doubling its wireless postpaid phone net additions. This impressive figure underscores the company's ability to capture market share effectively, particularly through its Fios and fixed wireless access products. Verizon's efforts have positively impacted both its revenue growth and operational results, allowing it to be well-positioned for ambitious targets set for the future.
Leadership Insights on Growth Strategy
Chairman and CEO Hans Vestberg commented on the company's performance, emphasizing that with 18 consecutive years of dividend increases, Verizon’s ongoing success illustrates its enduring focus on building connections with customers. This dedication not only enhances customer relationships but also strengthens the overall value proposition across its diverse range of services.
Verizon’s strategy places significant emphasis on growth and innovation within the mobility, broadband, and networking sectors, which remain crucial as consumer needs evolve. The commitment to maintaining financial and operational discipline further solidifies the company's position as a leader in the telecommunications space.
Understanding Verizon’s Share Structure and Financial Commitment
With around 4.2 billion shares of common stock outstanding, Verizon stands as a major player in the market, ensuring that its financial commitments to shareholders are taken seriously. In 2024 alone, the company distributed over $11.2 billion in cash dividends, signifying robust financial health and a dedication to returning value to its investors.
Verizon's Vision and Future Plans
As a major telecommunications provider, Verizon empowers its millions of customers globally, proving that its network connectivity, mobility solutions, and commitment to security enhance the lifestyles of its users. With revenues reaching $134.8 billion in 2024, Verizon continues to be a significant force in the industry, showing no signs of slowing down.
The organization's world-class team consistently innovates and adapts, ensuring it not only meets current demands but also anticipates future needs. This approach positions Verizon well for the challenges and opportunities that lie ahead, reinforcing its commitment to excellence in service delivery.
Frequently Asked Questions
What is the quarterly dividend amount declared by Verizon?
Verizon has declared a quarterly dividend of 67.75 cents per outstanding share.
When will the dividend be paid?
The dividend is scheduled to be paid on May 1 to shareholders recorded by the close of business on April 10.
How has Verizon performed recently?
Verizon has demonstrated strong performance, doubling its wireless postpaid phone net additions compared to prior years and gaining market share.
Who is the CEO of Verizon?
The current Chairman and CEO of Verizon is Hans Vestberg.
How much did Verizon pay in dividends in 2024?
In 2024, Verizon made over $11.2 billion in cash dividend payments to its shareholders.
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