The stock carries an attractive 6.5% yield. Despite seeing solid wireless subscriber growth, shares of Verizon Communications (VZ -1.15%) fell after the company posted yet another overall mixed report. Nonetheless, the stock is still up over 30% over the past year, although up just over 10% year to date. Investors continue to be drawn to the stock for its robust dividend. The stock currently has a forward dividend yield of about 6.5%. Let's take dive into Verizon's third-quarter results to see why the stock ...

The telecom giant appears to be in a strong position to extend its streak of 18 consecutive dividend increases.Many investors didn't like Verizon Communications' (VZ -1.15%) third-quarter update on Tuesday. That's obvious from Verizon stock sinking around 5% after the telecommunications giant reported its Q3 results. But some investors should be pleased with Verizon's latest update. Why? The company just gave good news to income investors who love its ultra-high dividend yield of nearly 6.5%.The numbers tha ...

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Financial Performance - Verizon's operating revenues for the three months ended September 30, 2024, were $33.33 billion, a slight decrease of 0.02% compared to $33.34 billion in the same period of 2023[174]. - The Consumer segment's operating revenues for the three months ended September 30, 2024, totaled $25.36 billion, representing an increase of 0.4% from $25.26 billion in 2023[163]. - The Business segment's operating revenues for the three months ended September 30, 2024, were $7.35 billion, reflecting a decrease of 2.3% compared to $7.53 billion in 2023[164]. - Total operating revenues for the three months ended September 30, 2024, increased by $103 million, or 0.4%, to $25,360 million compared to $25,257 million in the same period of 2023[211]. - Wireless service revenue for the three months ended September 30, 2024, increased by $414 million, or 2.6%, to $16,377 million compared to $15,963 million in the same period of 2023[211]. - Wireless equipment revenue decreased by $424 million, or 8.6%, to $4,478 million for the three months ended September 30, 2024, compared to $4,902 million in the same period of 2023[211]. - Consolidated Net Income for the three months ended September 30, 2023, was $3,411 million, a decrease from $4,884 million in the same period of 2024, representing a decline of approximately 30.2%[196]. - Consolidated EBITDA for the three months ended September 30, 2023, was $10,432 million, down from $12,056 million in the same period of 2024, reflecting a decrease of about 13.5%[196]. - Consolidated Adjusted EBITDA for the three months ended September 30, 2023, was $12,491 million, slightly up from $12,238 million in the same period of 2024, indicating an increase of approximately 2.1%[196]. Expenses and Costs - Consolidated operating expenses for the three months ended September 30, 2024, were $27.40 billion, an increase of 6.0% from $25.86 billion in 2023[175]. - Selling, general and administrative expenses increased by $1.7 billion during the three months ended September 30, 2024, primarily due to severance charges related to a voluntary separation program[181]. - Cost of services decreased by $247 million in access costs and $176 million in personnel costs during the nine months ended September 30, 2024 compared to the same period in 2023[178]. - Cost of wireless equipment decreased by $594 million and $2.1 billion for the three and nine months ended September 30, 2024, respectively, due to lower volume of wireless devices sold[179]. - Total operating expenses for the three months ended September 30, 2024, increased by $46 million, or 0.3%, to $17,756 million compared to $17,710 million in the same period of 2023[216]. - Cost of services increased by $148 million, or 3.3%, to $4,567 million for the three months ended September 30, 2024, compared to $4,419 million in the same period of 2023[216]. Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2024, amounted to $12.0 billion, with expectations for total capital expenditures in 2024 to be between $17.0 billion and $17.5 billion[167]. - Verizon entered into a prepaid lease agreement with Vertical Bridge for over 6,000 wireless towers, with an upfront payment of approximately $2.8 billion[171]. - The company announced a license purchase agreement to acquire spectrum licenses from United States Cellular Corporation for a total consideration of $1.0 billion, pending regulatory approvals[172]. - The company made payments of $269 million for obligations related to wireless licenses during the nine months ended September 30, 2024[253]. Debt and Cash Flow - Total debt as of September 30, 2024, was $150.6 billion, with unsecured debt at $126.4 billion and secured debt at $24.3 billion[256]. - Cash provided by operating activities for the nine months ended September 30, 2024, was $26,480 million, a decrease of $2,318 million from $28,798 million in the same period of 2023[249]. - Net cash used in financing activities for the nine months ended September 30, 2024, was $11.5 billion, slightly down from $11.6 billion in the same period of 2023[255]. - Cash dividends paid during the nine months ended September 30, 2024, amounted to $8.4 billion, compared to $8.2 billion in 2023[261]. - Free cash flow for the nine months ended September 30, 2024, was $14.461 billion, a decrease from $14.634 billion in the same period of 2023[265]. - Cash and cash equivalents increased to $5.0 billion as of September 30, 2024, up by $2.9 billion from December 31, 2023[263]. Mergers and Acquisitions - Verizon completed the acquisition of TracFone Wireless for approximately $3.5 billion in cash and stock, with an additional contingent consideration of up to $650 million based on performance measures[278]. - Verizon entered into a merger agreement to acquire Frontier Communications for $38.50 per share in cash, subject to shareholder and regulatory approvals[280]. - If the merger agreement is terminated, Frontier may owe Verizon a termination fee of $320 million, while Verizon may owe Frontier $590 million under certain circumstances[280]. - In the nine months ended September 30, 2024 and September 30, 2023, Verizon made contingent consideration payments of $52 million and $182 million, respectively[279]. Regulatory and Compliance - The FCC's decision to regulate broadband services as common carrier services is currently under appeal, affecting future regulatory trends[281]. - Verizon's disclosure controls and procedures were deemed effective as of September 30, 2024, following an evaluation by the CEO and CFO[284]. - The company is implementing a new global ERP system to enhance financial information flow and reporting, expected to be completed in phases over several years[285]. - There were no changes in the company's internal control over financial reporting during the third quarter of 2024 that materially affected its effectiveness[286]. - Verizon is involved in various litigation and regulatory proceedings but does not believe any are material as of the report date[287]. Employee and Severance Charges - A severance charge of $1.7 billion ($1.3 billion after-tax) was recorded during the three and nine months ended September 30, 2024, due to a voluntary separation program affecting approximately 4,800 employees[170]. - The company reported severance charges of $1,733 million for the three months ended September 30, 2023, with no charges reported in the same period of 2024[196]. - The company recorded pre-tax severance charges of $1.7 billion during the three and nine months ended September 30, 2024, related to voluntary separation programs[243].

In 2024, Verizon Communications, Inc. (NYSE: VZ ) has attempted to generate a sustainable recovery after falling from long-term highs in 2020. Looking back, the stock was trading at highs of $61.95 in early December 2020 and the extended downturn thatAnalyst’s Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

The company will be buffeted by some strong, oncoming headwinds, one pundit believes.Telecom giant Verizon Communications (VZ -2.33%) was looking somewhat diminished on the penultimate trading day of the week, at least on the stock exchange. The company's share price took a more-than 2% hit on Thursday "thanks" to the move of one analyst tracking its fortunes. This was contrasted by the S&P 500 index having a slightly upbeat session, ultimately closing 0.2% higher on the day.Recommendation cutWell before th ...

Keybanc Captial Markets analyst Brandon Nispel downgraded Verizon Communications Inc VZ stock from Overweight to Sector Weight.Nispel rerated and reduced his estimates following weaker-than-expected results. While the analyst’s prior outlook largely remains, he adjusted his rating based on limited EBITDA growth potential for 2025 (projected at 1.5% compared to 2.2% in 2024) and a likely decline in free cash flow (expected to fall to $17.5 billion in 2025 from $20.2 billion in 2024). Verizon’s potential acqu ...

There is still an upside, and we reiterate our Buy rating on Verizon Communications Inc. (NYSE: VZ ) shares today following the just-reported Q3 earnings . The earnings were not that great, especially compared toPay yourself dividends with outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up November 1st, but right now we have a big sale on the current price. Join NOW and you can lock in 75% o ...

Shares of telecommunications giant Verizon Communications Inc. (NYSE:VZ) are 0.8% lower before the open following a bear note from Keybanc. The analyst downgraded VZ to "sector weight" from "overweight," noting multiple catalysts for this pessimism, including limited EBITDA growth potential in 2025, negative impacts from multiple acquisitions, and slowing improvements in the company's postpaid phone net additions. In addition to the downgrade, Deutsche Bank cut its target price on the Dow component from $44 ...

Verizon can't seem to get into growth mode.Verizon (VZ 3.28%) reported third-quarter 2024 earnings this week, and investors were disappointed by the lack of growth. Not only was the top line not great, but costs from layoffs and acquisitions were a drag on the bottom line. Travis Hoium shows everything you need to know in this video.*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 23, 2024. ...