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

Verizon Communications Inc. (NYSE:VZ) declared 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 6.2%. The ex-dividend date of this dividend is Friday, July 10th.

Verizon Communications has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 20 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 $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%

Verizon Communications stock opened at $45.39 on Friday. The firm has a market capitalization of $189.53 billion, a PE ratio of 11.07, a P/E/G ratio of 1.07 and a beta of 0.24. The company’s 50-day moving average is $47.55 and its 200-day moving average is $45.27. Verizon Communications has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. 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 released its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. Verizon Communications’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts anticipate that Verizon Communications will post 4.97 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.