Verizon boosts shareholder payout, marking 19th consecutive year of dividend growth

Core Viewpoint - Verizon Communications Inc. has declared a quarterly dividend of 69 cents per share, marking a 1.25 cents increase from the previous quarter, reflecting the company's strong financial management and commitment to long-term growth [1][2][3]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly dividend of 69 cents per outstanding share, an increase of 1.25 cents from the previous quarter [1]. - The dividend is payable on November 3, 2025, to shareholders of record as of October 10, 2025 [1]. Group 2: Financial Performance and Strategy - This marks the 19th consecutive annual increase in dividends, attributed to disciplined financial management and a focus on long-term growth [2]. - Verizon's strategic expansion in mobility and broadband networks has allowed the company to capture high-value customer segments, generating consistent cash flow for shareholder rewards and future investments [2]. - In 2024, Verizon made over $11.2 billion in cash dividend payments and generated revenues of $134.8 billion [3][4]. Group 3: Leadership and Vision - Hans Vestberg, Chairman and CEO, emphasized the company's commitment to transforming Verizon through network superiority, capital allocation priorities, and new service offerings [3]. - Verizon serves millions of customers globally, including nearly all Fortune 500 companies, focusing on mobility, reliable connectivity, and security [4].