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

Verizon Communications Inc. (NYSE:VZ) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, April 10th will be paid a dividend of 0.7075 per share by the cell phone carrier on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, April 10th. This is a 2.5% increase from Verizon Communications’s previous quarterly dividend of $0.69.

Verizon Communications has increased its dividend payment 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. Analysts expect Verizon Communications to earn $4.86 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 58.2%.

Verizon Communications Trading Down 1.2%

NYSE:VZ opened at $48.57 on Wednesday. The company has a fifty day moving average of $48.93 and a 200 day moving average of $43.54. Verizon Communications has a 52 week low of $38.39 and a 52 week high of $51.68. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $204.84 billion, a P/E ratio of 11.99, a P/E/G ratio of 2.07 and a beta of 0.29.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The company had revenue of $36.38 billion during the quarter, compared to analyst estimates of $36.20 billion. During the same period in the prior year, the business posted $1.10 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, research analysts predict that Verizon Communications will post 4.69 earnings per share for the current 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.