Verizon (VZ) Stock: Quarterly Dividend Declared

By Amit Chowdhry ● Jun 2, 2022
  • The Verizon Communications Inc. (NYSE, Nasdaq: VZ) board has declared a quarterly dividend. These are the details.

The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) declared a quarterly dividend of 64 cents per outstanding share, consistent with the previous 3 quarters. And the quarterly dividend is payable on August 1, 2022, to Verizon shareholders of record at the close of business on July 8, 2022.

Verizon has 4.198 billion shares of common stock outstanding. And the company made $10.4 billion in cash dividend payments in 2021.

Verizon was formed on June 30, 2000, and is one of the world’s leading providers of technology and communications services. Based in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. And the company offers data, video, and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security, and control.

KEY QUOTE:

“With our network-as-a-service foundation and our execution on all five vectors of growth, we remain committed to delivering value to our shareholders.”

— Chairman and CEO Hans Vestberg

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.