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

Verizon Communications Inc. (NYSE:VZ) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Friday, July 10th will be paid 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 6.3%. 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 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 $5.25 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 Trading Down 3.8%

Shares of Verizon Communications stock opened at $44.87 on Friday. Verizon Communications has a 1 year low of $38.39 and a 1 year high of $51.68. The firm has a market cap of $187.37 billion, a PE ratio of 10.94, a P/E/G ratio of 1.11 and a beta of 0.24. The stock has a fifty day moving average price of $47.64 and a 200-day moving average price of $45.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same period last year, the firm posted $1.19 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts anticipate that Verizon Communications will post 4.96 EPS for the current year.

Institutional Investors Weigh In On Verizon Communications

Several large investors have recently added to or reduced their stakes in VZ. Brighton Jones LLC increased its holdings in Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after acquiring an additional 16,704 shares during the last quarter. United Bank boosted its stake in Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after purchasing an additional 806 shares during the period. Jump Financial LLC boosted its stake in Verizon Communications by 312.0% in the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after purchasing an additional 17,901 shares during the period. HUB Investment Partners LLC boosted its stake in Verizon Communications by 17.2% in the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after purchasing an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP boosted its stake in Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after purchasing an additional 443 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.

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.