The high yield could signal a real value for dividend investors.Verizon Communications (VZ 2.03%) has a large base of customers and a long record of paying dividends. It's got a streak of increasing the dividend each year for 17 consecutive years and that has raised investor interest, although shares trade well off all-time highs.If you are looking for some annual income to help pay the bills, Verizon stock has the potential to help. Here's how many shares of Verizon stock you would have to buy to earn $500 ...

NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Verizon Business and Samsung Electronics America are bringing the award-winning Innovation Sessions to New York City on June 5 at Radio City Music Hall. This exclusive event will showcase the transformative power of 5G, with demonstrations of current technology as well as forward-looking use cases. "New York City and innovation go hand-in-hand. Throughout time, some of the most impactful advancements that shaped the world came out of this city, which is why, along ...

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Starting today, both new and existing Verizon customers can get the iPhone 15 with any iPhone trade-in, on us1, with the launch of the Ultimate Phone Upgrade. Whether you're already a customer, just joining us, or have any iPhone in any condition, this offer is for you. And, you don't need to pay more. The Ultimate Phone Upgrade gives customers on Verizon's Unlimited Ultimate plan the best iPhone promos when upgrading; this includes the latest iPhone 15 with access ...

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Starting today, both new and existing Verizon customers can get the iPhone 15 with any iPhone trade-in, on us1, with the launch of the Ultimate Phone Upgrade. Whether you’re already a customer, just joining us, or have any iPhone in any condition, this offer is for you. And, you don’t need to pay more. The Ultimate Phone Upgrade gives customers on Verizon’s Unlimited Ultimate plan the best iPhone promos when upgrading; this includes the latest iPhone 15 with access ...

WASHINGTON, May 30, 2024 (GLOBE NEWSWIRE) -- The Department of the Navy (DON) has selected Verizon Public Sector to provide wireless devices and services through the Wireless and Telecommunications Services contract vehicle (Spiral 4). The total value of the multiple award contract is up to $2.67 billion over 10 years. Under Spiral 4, military personnel and federal civilian agencies will receive cost-effective, best value solutions while meeting the government’s requirements for current and future wireless ...

WASHINGTON, May 30, 2024 (GLOBE NEWSWIRE) -- The Department of the Navy (DON) has selected Verizon Public Sector to provide wireless devices and services through the Wireless and Telecommunications Services contract vehicle (Spiral 4). The total value of the multiple award contract is up to $2.67 billion over 10 years. Under Spiral 4, military personnel and federal civilian agencies will receive cost-effective, best value solutions while meeting the government's requirements for current and future wireless ...

PM ImagesVerizon's shares (NYSE:VZ) aren't as cheap as they were in October 2023 when they reached $30.14, but after rebounding roughly 30%, they still look undervalued. Over the past 5 years, shares of Verizon are down -33.80% as they gradually decreased in value during the Fed tightening cycle. While some investors are worried about the $137 billion in long-term debt on the balance sheet, I look at a company's ability to service the debt and repay maturities rather than stressing out about the amount ...

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Gone are the days of needing to be a new customer to get our best deals on new phones. Starting May 30, both new and existing Verizon customers get our very best offers for new devices with the launch of the Ultimate Phone Upgrade, along with streaming deals you can't get anywhere else¹. Already a customer? Just joining us? Cracked screen? Broken battery? No problem. You don't need to switch carriers or be limited by the quality of the phone you're trading-in to ge ...

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Gone are the days of needing to be a new customer to get our best deals on new phones. Starting May 30, both new and existing Verizon customers get our very best offers for new devices with the launch of the Ultimate Phone Upgrade, along with streaming deals you can’t get anywhere else¹. Already a customer? Just joining us? Cracked screen? Broken battery? No problem. You don’t need to switch carriers or be limited by the quality of the phone you’re trading-in to ge ...

Summary of Verizon Communications Inc. Conference Call Company Overview - **Company**: Verizon Communications Inc. (NYSE: VZ) - **Event**: J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference - **Date**: May 21, 2024 Key Points Industry and Company Strategy - Verizon has transitioned through multiple phases: focusing on network improvement, asset mix optimization, and now generating returns on investments [2][4] - The company has established three growth engines: wireless for consumer and business, broadband for consumer and business, and private networks [4] - Verizon's capital allocation priorities include investing in the business, increasing dividends (17 years of growth), and reducing debt to a target leverage of 2.25x net debt to EBITDA [5][59] Financial Performance and Growth - The company has seen sequential improvement in the wireless consumer postpaid business every quarter since implementing new strategies [13] - Verizon's CapEx has decreased, with a current range of $17 billion to $17.5 billion, down from previous years [5][59] - The company aims to maintain a strong cash flow and EBITDA growth while managing debt levels [59] Consumer Wireless Business - Verizon's consumer wireless postpaid segment is undergoing a turnaround, with new offerings and incentives aimed at improving market traction [12][13] - The company has adjusted pricing for 32 million lines, managing churn effectively despite market challenges [21] - The introduction of flexible and customer-friendly plans has been a key focus, with ongoing enhancements based on consumer insights [12][19] Prepaid Business - The prepaid segment, including brands like Visible and Total by Verizon, is performing well, with new management and strategies in place [28][29] - The company is addressing challenges in the prepaid market, including the impact of the Affordable Connectivity Program (ACP) [24][26] Network and Technology - Verizon has built a robust mobile edge compute network, which is expected to support AI applications and private networks [36][37] - The company is focused on expanding its fixed wireless access (FWA) capabilities, particularly in suburban and rural areas [46][48] - Verizon's strategy includes maintaining a multipurpose network to serve various customer segments efficiently [51] AI and Innovation - Verizon has a three-pronged AI strategy focusing on process improvement, new products, and revenue generation through AI at the edge [55] - The company has launched several AI-driven products aimed at enhancing customer service and operational efficiency [56] Spectrum and Regulatory Environment - Verizon's acquisition of C-Band spectrum for $53 billion positions the company well for future growth, although there are concerns about the availability of new spectrum [39][41] - The company emphasizes the importance of spectrum for competitiveness and investment in the U.S. market [41][44] Future Outlook - Verizon is focused on expanding its total addressable market (TAM) and exploring new revenue streams while managing existing operations effectively [52] - The leadership team is committed to achieving financial targets and exploring options for capital allocation as leverage decreases [59] Additional Insights - The company acknowledges the importance of wireless and broadband services in today's economy, especially post-COVID [19] - Verizon's proactive approach to customer engagement and retention is seen as a competitive advantage [48] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Verizon's focus on growth, innovation, and financial management in a competitive landscape.