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NEW YORK - Verizon Communications Inc. (NYSE, Nasdaq:VZ) declared a quarterly dividend of 69 cents per outstanding share, representing an increase of 1.25 cents from the previous quarter, according to a company press release issued Friday. The company maintains an attractive 6.13% dividend yield, significantly above industry averages.
The dividend will be payable on November 3, 2025, to shareholders of record as of October 10, 2025. According to InvestingPro data, this actually marks Verizon’s 20th consecutive annual dividend increase, with the company maintaining dividend payments for 42 consecutive years.
"The Board and I are pleased to raise our dividend for the 19th year in a row, continuing in a tradition of steady raises that reflect our strong balance sheet, operational performance and commitment to our shareholders," said Hans Vestberg, Chairman and Chief Executive Officer of Verizon.
Verizon has approximately 4.2 billion shares of common stock outstanding. The telecommunications company made more than $11.2 billion in cash dividend payments in 2024.
The company reported revenues of $134.8 billion in 2024, according to the press release. Verizon’s business strategy includes expanding both its mobility and broadband networks while maintaining focus on cash flow generation.
The dividend announcement comes as part of the company’s capital allocation priorities, which balance shareholder returns with investments in network infrastructure.
In other recent news, Verizon Communications has been the focus of several notable developments. Goldman Sachs initiated coverage of Verizon with a Buy rating and set a price target of $49.00. This reflects the investment bank’s positive outlook on Verizon’s position as a leading mobile network operator. Meanwhile, RBC Capital adjusted its price target for Verizon to $46.00 from $45.00, maintaining a Sector Perform rating. This change came after Verizon’s latest earnings report, which surpassed financial expectations and met wireless subscriber metrics projections. In corporate governance updates, Verizon elected Jennifer K. Mann to its board of directors. Mann is an Executive Vice President at The Coca-Cola Company and will join Verizon’s compensation program for non-employee directors. Additionally, Verizon Value’s prepaid brands, Simple Mobile and Total Wireless, are set to launch new plans with enhanced global connectivity features. Lastly, Verizon is expanding its Manhattan office space by leasing 200,000 square feet near Penn Station, consolidating over 1,000 employees from existing locations.
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