Verizon Communications Increases Quarterly Dividend by 2%

Trending News 🌥️

Verizon Communications($NYSE:VZ) has announced a 2% increase to its quarterly dividend, from $0.6400 to $0.6525 per share. This move comes as the company looks to maintain its dividend payout despite increased competition in the telecom sector. Do you think this will affect Verizon Communications’ market and earnings in the long term? It is possible that the higher dividend could attract more investors to the stock, but it is also possible that the higher payout could put a strain on the company’s earnings. Only time will tell how this move will affect Verizon Communications in the long run.

Stock Price

On Tuesday, Verizon Communications stock opened at $41.4 and closed at $41.1. The company announced that it was increasing its quarterly dividend by 2%. This is good news for shareholders, as it indicates that the company is doing well financially and is confident in its future prospects.

VI Analysis

Based on VI’s Risk Rating, Verizon Communications is a medium risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are some potential risks in the business and financial areas that investors should be aware of. Specifically, the company’s debt levels are high and its cash flow is somewhat weak. Additionally, the competitive landscape in the telecommunications industry is fairly intense, which could pressure Verizon’s margins going forward.

Summary

Verizon Communications, Inc , announced today that its Board of Directors has approved a two percent increase in the quarterly dividend on the company’s common stock. “Today’s announcement reflects our Board’s continued confidence in the strength of Verizon’s business and our ability to generate sustainable long-term growth and shareholder value,” said Verizon Chairman and CEO Lowell McAdam.