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

Verizon Communications Inc. (NYSE:VZ – Get Free Report) declared a quarterly dividend on Wednesday, September 9th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.7075 per share by the cell phone carrier on Monday, November 2nd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, October 9th.

Verizon Communications has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Verizon Communications has a dividend payout ratio of 58.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Verizon Communications to earn $5.29 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 53.5%.

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Verizon Communications Trading Down 1.4%

NYSE VZ opened at $49.70 on Thursday. The company has a fifty day simple moving average of $46.76 and a two-hundred day simple moving average of $47.51. The stock has a market cap of $206.48 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.71 and a beta of 0.26. Verizon Communications has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36.

Verizon Communications (NYSE:VZ – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $34.25 billion for the quarter, compared to analyst estimates of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, analysts forecast that Verizon Communications will post 5.03 earnings per share for the current year.

About Verizon Communications

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Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and related technology services. Its offerings include mobile voice and data plans, 5G connectivity, fixed wireless access, fiber-optic internet through Verizon Fios, home services, and connected-device solutions.

Through Verizon Business, the company serves enterprises, government agencies, and other organizations with communications networks, managed connectivity, cybersecurity, cloud and edge-computing services, unified communications, and Internet of Things solutions.

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