Verizon declares quarterly dividend on June 6

Core Viewpoint - Verizon Communications Inc. has declared a quarterly dividend of 67.75 cents per share, maintaining the same rate as the previous quarter, reflecting the company's financial stability and commitment to returning value to shareholders [1][3]. Financial Performance - Verizon generated revenues of $134.8 billion in 2024, showcasing its strong market position and operational efficiency [4]. - The company made over$11.2 billion in cash dividend payments in 2024, indicating robust cash flow and profitability [3]. Strategic Focus - Verizon is adopting a strategic and disciplined approach to achieve its financial goals by targeting specific customer segments and integrating services for enhanced personalization [2]. - The company continues to invest in its business and drive innovation to better serve its customers, reinforcing its leadership in mobility and broadband services [2][3]. Leadership and Vision - Chairman and CEO Hans Vestberg emphasized the company's ability to maintain dividend payments even in uncertain economic conditions while investing in network leadership and infrastructure [3]. - Verizon aims to meet the current and future needs of its diverse customer base, which includes nearly all Fortune 500 companies [4].