Verizon Communications Inc. (VZ) To Go Ex-Dividend on July 10th

Verizon Communications Inc. (NYSE:VZGet Free Report) 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) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, July 10th.

Verizon Communications has raised 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% indicating that 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 Up 1.2%

Shares of Verizon Communications stock opened at $42.58 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $46.38 and a two-hundred day moving average price of $45.97. The stock has a market capitalization of $177.80 billion, a P/E ratio of 10.39, a PEG ratio of 1.02 and a beta of 0.26. Verizon Communications has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts expect that Verizon Communications will post 4.98 earnings per share for the current year.

Hedge Funds Weigh In On Verizon Communications

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strengthening Families & Communities LLC increased its holdings in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares during the last quarter. Robinswood Financial LLC acquired a new stake in shares of Verizon Communications in the 1st quarter valued at $27,000. Holos Integrated Wealth LLC bought a new position in Verizon Communications in the fourth quarter valued at about $28,000. Lam Group Inc. acquired a new position in Verizon Communications during the 1st quarter worth approximately $28,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications during the fourth quarter worth $29,000. 62.06% of the stock is owned by institutional investors.

Verizon Communications Company Profile

(Get Free Report)

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.

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Dividend History for Verizon Communications (NYSE:VZ)

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