Verizon Communications Inc. Dividend Update
During a recent meeting, the Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) declared a quarterly dividend of 67.75 cents per share. This decision reflects the company's commitment to returning value to its shareholders by maintaining a consistent dividend, unchanged from the previous quarter. The dividend will be paid to shareholders on February 3, 2025, for those on record as of January 10, 2025.
Commitment to Shareholders
Verizon has a notable history of dividend payments, having increased its dividends annually for 18 consecutive years. This impressive track record is a testament to the company's robust financial health and dedication to its investors. Hans Vestberg, the Chairman and CEO, highlighted, "Our focus on creating excellent connected life experiences empowers us to consistently issue dividends, ensuring long-term value for our stakeholders." This statement emphasizes Verizon's strategy of marrying customer satisfaction with shareholder returns, underscoring the interconnectedness of enterprise success and shareholder prosperity.
Verizon's Financial Performance
With around 4.2 billion shares of common stock in circulation, Verizon has demonstrated substantial financial growth, reflected in its $8.4 billion cash dividend payments over the last nine months alone. The company’s capacity to uphold this dividend amidst competitive pressures showcases its solid cash flow and market dominance.
Innovative Services and Global Reach
Verizon Communications Inc. plays a pivotal role in enhancing the lives of its customers across various sectors. With a mission to deliver mobility, reliable network connectivity, and security, the company serves a diverse clientele, including nearly all Fortune 500 companies. In the past year, Verizon achieved remarkable revenues of $134.0 billion, solidifying its position as a global leader in telecommunications.
The Future of Connectivity
As the landscape of technology and communication continues to evolve, Verizon remains at the forefront of innovation. The company consistently explores new avenues to enrich customer experiences and stay aligned with future demands. Whether through advancements in 5G technology or enhancing broadband capabilities, Verizon is committed to adapting to the needs of both individual users and businesses.
Connect with Verizon
For ongoing updates or to learn more about the company, including its comprehensive range of services, potential customers are encouraged to visit Verizon's official website or locate a retail store nearby. This easy access to information helps customers stay connected and informed about the services available to them.
Frequently Asked Questions
What is the latest quarterly dividend declared by Verizon?
Verizon has declared a quarterly dividend of 67.75 cents per share.
When will the dividend be paid?
The dividend is payable on February 3, 2025, to shareholders of record as of January 10, 2025.
How long has Verizon been increasing its dividends?
Verizon has been increasing its dividends for 18 consecutive years.
How many shares of common stock does Verizon have outstanding?
Verizon has approximately 4.2 billion shares of common stock outstanding.
What were Verizon's revenues in 2023?
In 2023, Verizon generated revenues of $134.0 billion.
