NEW YORK, N.Y. - The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 3, 2025, to Verizon shareholders of record at the close of business on January 10, 2025.
"Our focus on creating excellent connected life experiences for our customers every day empowers us to pay a consistent dividend, which we have increased for 18 consecutive years,” said Chairman and CEO Hans Vestberg. “With the largest consumer wireless base in the U.S., industry leading share in business, and strong cash flow, we are able to use our dividend to enhance long-term value for our shareholders.”
Verizon has approximately 4.2 billion shares of common stock outstanding. The company made $8.4 billion in cash dividend payments in the last three quarters.