Verizon Communications Inc. Announces Quarterly Dividend of $0.71 (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Friday, July 10th will be given a dividend of 0.7075 per share by the cell phone carrier on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, July 10th.

Verizon Communications has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Verizon Communications has a payout ratio of 58.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Verizon Communications to earn $5.25 per share next year, which means the company should continue to be able to cover its $2.83 annual dividend with an expected future payout ratio of 53.9%.

Verizon Communications Stock Down 3.8%

VZ opened at $44.87 on Friday. Verizon Communications has a one year low of $38.39 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The stock’s fifty day moving average is $47.64 and its 200-day moving average is $45.27. The company has a market capitalization of $187.37 billion, a PE ratio of 10.94, a P/E/G ratio of 1.11 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts predict that Verizon Communications will post 4.96 EPS for the current fiscal year.

About Verizon Communications

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.