Verizon's Dividend Increase: A Testament to Growth Resilience
Verizon's Latest Dividend Announcement
Recently, Verizon Communications Inc. (NYSE, NASDAQ: VZ) made an exciting announcement regarding its quarterly dividend. The Board of Directors declared a new quarterly dividend of 69 cents per share. This reflects a 1.25 cent increase over the previous quarter, signifying the company’s commitment to delivering value to its shareholders.
19 Years of Dividend Growth
This marks the 19th consecutive year that Verizon has increased its dividends, a remarkable achievement in today's competitive market. This consistent growth is a result of their strong financial management and a clear strategic focus on long-term development. Verizon continues to expand its mobility and broadband services, capturing high-value customer segments and ensuring a steady cash flow to support this ongoing initiative.
Leadership Comments
Hans Vestberg, the Chairman and CEO of Verizon, expressed his satisfaction with this announcement, stating, "The Board and I are pleased to raise our dividend for the 19th year in a row. This demonstrates our strong balance sheet, operational performance, and our dedication to our shareholders." He emphasized Verizon's commitment to enhancing network capabilities while creating innovative services that cater to the evolving needs of customers.
Financial Performance Highlights
With approximately 4.2 billion shares of common stock outstanding, Verizon's financial performance is notable. In the previous year, the company completed cash dividend payments exceeding $11.2 billion. This financial resilience showcases Verizon’s capability to reward its shareholders even while strategically investing in future technologies and services.
Verizon's Commitment to Innovation
Verizon continues to lead in delivering solutions that meet customer demands for reliability and mobility. Its adaptability in the fast-paced telecommunications landscape is crucial, as the company serves a diverse clientele, including nearly all Fortune 500 companies. Last year, Verizon reported impressive revenues of $134.8 billion, underlining its significant market presence and operational efficiency.
Looking Ahead
As Verizon advances, its focus remains unwavering on innovation and customer satisfaction. The company aims to further enhance network performance while introducing new products and services designed to empower its users. This proactive approach to growth not only benefits shareholders but also positions Verizon as a leader in the telecommunications industry.
Frequently Asked Questions
What is the recent quarterly dividend declared by Verizon?
The recent quarterly dividend declared by Verizon is 69 cents per outstanding share.
How long has Verizon been increasing its dividends?
Verizon has increased its dividends for 19 consecutive years.
What is the total amount of cash dividends paid by Verizon in the previous year?
In the previous year, Verizon paid more than $11.2 billion in cash dividends.
What is Verizon's reported revenue for last year?
Verizon reported revenues of $134.8 billion last year.
Who is the current CEO of Verizon?
The current CEO of Verizon is Hans Vestberg.
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