Verizon Increases Quarterly Dividend From $0.6525 To $0.665 Per Share

The Board of Directors at Verizon Communications Inc. ( (NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023 , to Verizon shareholders of record at the close of business on October 10, 2023 .

This is the 17th consecutive year Verizon's Board has approved a quarterly dividend increase.

"Our consistently disciplined approach to driving strong cash flow, operating the business, and serving our customers has once again put the Board in a position to raise the dividend," said Chairman and CEO Hans Vestberg . "We continue to deliver value to our shareholders as we execute our network-as-a-service strategy."

Verizon has 4.2 billion shares of common stock outstanding. The company made approximately $5.5 billion in cash dividend payments in the first half of 2023

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I am truly amazed at the lack of financial common sense that there is among Verizon employees. None seem to be aware that debt is a cheaper funding mechanism than equity and that telecoms are typically debt-heavy dividend payors. No worries, most of these posters will be gone either at the end of this year or next.

A dividend doesn’t offset the massive losses from the initial investment when the stock drops. What a ridiculous investment strategy

That extra dividend will be financed by reducing head count, sad but true.

Yeah that's why we can't pay down the debt.

Wireline bye bye

True Leadership from the greatest.

Thread regarding Verizon Communications Inc. layoffs

Verizon Increases Quarterly Dividend From $0.6525 To $0.665 Per Share

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