Core Points - Verizon Communications Inc. has increased its quarterly dividend to $0.6775 per share, representing a 2% increase for passive income investors [1] - The company has also announced the acquisition of Frontier Communications, indicating a strategic move to enhance its market position [1] Summary by Category Dividend Increase - Verizon raised its dividend to $0.6775 per share per quarter, providing a 2% hike for investors [1] Acquisition - The acquisition of Frontier Communications was announced, which may contribute to Verizon's growth strategy and market expansion [1]

LOUISVILLE, Ky., Sept. 19, 2024 /PRNewswire/ -- Bulleit Frontier Whiskey proudly announces the launch of Bulleit Rye 10-Year-Old, the latest addition to its permanent portfolio of exceptional whiskeys. This new expression joins the acclaimed Bulleit Bourbon 10-Year-Old, forming the foundation of the new Bulleit 10-Year Aged Whiskeys range. Together, these age-statement whiskeys reflect Bulleit's commitment to crafting premium, bold-flavored whiskey while continuing to innovate to bring an expanded portfolio ...

LOUISVILLE, Ky., Sept. 16, 2024 /PRNewswire/ -- Bulleit Frontier Whiskey is announcing the launch of its new US brand campaign, "We Aren't Made To Be Still". The campaign draws from the same spirit of relentless experimentation that created its expectation-defying flagship bourbon and continues to drive the brand's commitment to pushing the frontiers of what American whiskey can be. Bulleit Frontier Whiskey's "We Aren't Made To Be Still" campaignBulleit Frontier Whiskey's "We Aren't Made To Be Still" campai ...

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Frontier Communications Parent, Inc. (Nasdaq: FYBR), relating to its proposed merger with Verizon Communications Inc. Under the terms of the agreement, Frontier shareholders will be entitled ...

The airline boosted guidance for the current quarter. Frontier Group Holdings (ULCC 5.71%) is feeling more upbeat about the current quarter, and investors are happy to go along for the ride. Shares of the discount airline opened up as much as 12% and were trading up 8% at 10 a.m. ET after Frontier raised its margin guidance for the quarter. Not as bad as feared Investors aren't sure what to think about airline stocks right now. The industry has done well since the end of the pandemic, but a combination of h ...

The deal could fundamentally change the investment case for Verizon stock. The news that Verizon Communications (VZ 3.84%) will acquire Frontier Communications Parent (FYBR 0.68%) appears to make strategic sense. For all of its focus on 5G, fiber remains a critical part of the broadband communications infrastructure, serving both consumers and businesses. Unfortunately for Verizon's shareholders, it has decided to buy Frontier at a time when the company faces significant financial struggles. Hence, even if ...

cemagraphics/E+ via Getty Images These are the voyages of the income name Verizon (NYSE:VZ). A company now debt laden, that had seen its cash flows evaporate, only to finally start rebounding despite immense competition and costs of operation. Still, we reiterate our Buy rating on Verizon Communications Inc. (VZ) shares today following news that the company will be acquiring Frontier Communications (FYBR). This is a rather interesting development and comes as the company has been seeing improvements to its ...

PeopleImages VZ stock: previous thesis and new development I last analyzed Verizon stock (NYSE:VZ) more than a month ago. As you can see from the screenshot below, that article was published on July 26, 2024, and was titled "Verizon Q2: Still Not Too Late To Sell (Technical Analysis)". As the title suggests, the article recommended selling at that time. The recommendation is mainly based on the near-term prospects and technical trading patterns of the stock prices surrounding its Q2 earnings report. Quote: ...

Dilok Klaisataporn I last covered Verizon (NYSE:VZ) back in April and assigned it a hold rating as I was neutral on the stock. While the dividend remained attractive and management's commitment to it seemed strong, the valuation did not seem particularly compelling, and the growth was quite anemic as well. Since then, the stock's total returns have been roughly in line with the S&P 500, thereby validating my neutral take on it. However, the company just announced that it plans to acquire Frontier (FYBR), wh ...

Core Viewpoint - Verizon Communications Inc. has announced a definitive agreement to acquire Frontier Communications Parent, Inc. for approximately $20 billion in enterprise value, aiming to expand its fiber footprint and enhance service delivery to customers [1] Group 1: Strategic Acquisition - The acquisition will integrate Frontier's fiber network with Verizon's Fios network, enhancing Verizon's fiber and wireless asset portfolio [2] - Frontier's customers will gain access to Verizon's premium mobility, home Internet, streaming, and business products [2] Group 2: Customer Impact - The combination of Frontier's broadband and Verizon's mobile offerings is expected to reduce customer churn by about 50% for postpaid mobility, potentially increasing mobility revenues [3] Group 3: Frontier's Current Operations - Frontier generates over half of its revenues from fiber services, serving 2.2 million fiber subscribers across 25 states, and has invested $4.1 billion to enhance its fiber network [4] - By the end of 2026, Frontier plans to add 2.8 million fiber locations to its existing 7.2 million [4] Group 4: Verizon's Network Efficiency - Verizon has one of the most efficient wireless networks in the U.S. and is actively expanding its fiber optics to support 4G LTE and 5G standards [5] Group 5: Financial Expectations - The acquisition is expected to yield at least $500 million in run-rate cost synergies by the third year, improving scale and network integration [7] - These enhancements are anticipated to support Verizon's strong balance sheet and liquidity in the coming quarters [7] Group 6: Stock Performance - Verizon's stock has increased by 20.8% over the past year, compared to the industry's growth of 35.1% [8]