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NEW YORK - Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced the maintenance of its quarterly dividend at 67.75 cents per share, to be distributed on August 1 to shareholders on record as of July 10. The company maintains an impressive 6.26% dividend yield and has sustained dividend payments for 42 consecutive years, according to InvestingPro data. This declaration comes as the company continues to focus on integrating services and targeting customer segments to enhance personalization in its offerings.
Chairman and CEO Hans Vestberg emphasized Verizon’s commitment to providing exceptional experiences to its wide customer base, which supports the company’s ability to sustain dividend payments despite economic uncertainties. With a "GOOD" overall financial health score and trading at attractive valuations relative to near-term earnings growth, the company appears well-positioned to maintain its commitments. He highlighted the importance of continued investment in the company’s network leadership and infrastructure to meet current and future customer demands.
With approximately 4.2 billion shares of common stock outstanding, Verizon paid out over $11.2 billion in cash dividends in 2024. The company, headquartered in New York City and operating globally, reported revenues of $134.8 billion for the same year, maintaining a solid 60% gross profit margin. According to InvestingPro analysis, which offers comprehensive insights through its Pro Research Reports covering 1,400+ US stocks, Verizon currently trades below its Fair Value.
Verizon’s strategy includes a strong focus on innovation, aiming to stay ahead of customer needs. With a beta of 0.38 indicating lower volatility than the broader market, and a P/E ratio of 10.28, this approach is crucial for the company’s role as a significant player in mobility and broadband services for both consumers and businesses.
The information provided is based on a press release statement from Verizon Communications, Inc.
In other recent news, Verizon Communications has been active with several developments. The company recently held its 2025 Annual Meeting of Shareholders, where all board nominees were re-elected, and the executive compensation package was approved. Additionally, Verizon announced a $5 billion investment plan aimed at supporting American small business suppliers over the next five years, part of its Small Business Supplier Accelerator initiative. Citi analysts have reiterated their Buy rating for Verizon stock, noting continued growth in consumer additions, while KeyBanc Capital Markets maintained a Sector Weight rating, citing mixed performance in the first quarter of 2025. KeyBanc raised its adjusted EBITDA forecast for 2025 but lowered it for 2026, expressing concerns about potential challenges such as increased churn and slowing revenue growth. Verizon’s Small Business Digital Ready program is also launching a new grant cycle, offering $10,000 grants to eligible small businesses. Meanwhile, all three shareholder proposals presented at the annual meeting were defeated, highlighting shareholder decisions on governance matters. These developments reflect Verizon’s ongoing efforts to strengthen its market position and support small businesses.
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