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AT&T's Proposed Settlement of Data Breach Lawsuit Receives Preliminary Approval
PYMNTS.com· 2025-06-23 18:02
AT&T’s proposed settlement of a class action lawsuit involving data breaches reportedly received a judge’s preliminary approval Friday (June 20).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The judge ruled that ...
Verizon announces final results of its private exchange offers for 10 series of notes and related tender offers open to certain investors
Globenewswire· 2025-06-23 12:30
NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the final results of its Exchange Offers (as defined below) and its Cash Offers (as defined below). Exchange Offers The first transaction consists of 10 separate private offers to exchange (the “Exchange Offers”) any and all of the outstanding series of notes listed in the table below (as used in the context of the Exchange Offers and the Cash Offers (as defined below), collectively the “Ol ...
ATN Increases Dividend 15% as Part of Disciplined Capital Allocation Strategy
Globenewswire· 2025-06-20 14:30
BEVERLY, Mass., June 20, 2025 (GLOBE NEWSWIRE) -- ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has approved a quarterly dividend increase of 15% to $0.275 per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30, 2025. “The Board’s decision to increase the dividend at this time reflects our confidence in the company’s financial strength and future cash flow generation,” said Brad Martin, ATN’s ...
Verizon announces expiration and preliminary expiration date results of its private exchange offers for 10 series of notes and expiration of related tender offers open to certain investors
Globenewswire· 2025-06-20 14:16
NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the expiration and preliminary expiration date results of its Exchange Offers (as defined below) and the expiration of its Cash Offers (as defined below). Exchange Offers The first transaction consists of 10 separate private offers to exchange (the “Exchange Offers”) any and all of the outstanding series of notes listed in the table below (as used in the context of the Exchange Offers and t ...
Want $2,000 in Annual Dividends? Invest $11,000 in Each of These 3 Stocks
The Motley Fool· 2025-06-20 08:25
Generating high dividend income can be tricky, because you don't want to just load up on stocks with the highest yields. That can result in disappointment later on, because if those high dividend payments aren't safe, they could end up getting cut or suspended entirely. It's important to carefully consider a company's financials and what lies ahead before relying on its dividend.Verizon Communications (VZ -0.57%), United Parcel Service (UPS -0.56%), and Vici Properties (VICI 1.39%) all pay dividends that yi ...
Verizon announces pricing terms of its private exchange offers for 10 series of notes and related tender offers open to certain investors
Globenewswire· 2025-06-18 18:25
Core Viewpoint - Verizon Communications Inc. has announced the pricing terms for two related transactions involving the repurchase of 10 series of its outstanding notes through Exchange Offers and Cash Offers [1][2]. Exchange Offers - The Exchange Offers consist of 10 separate private offers to exchange outstanding series of notes for newly issued debt securities, referred to as New Notes [3][4]. - The Exchange Offers will expire at 5:00 p.m. (Eastern time) on June 18, 2025, with a settlement date expected on June 25, 2025 [4][9]. - Eligible holders must complete an Eligibility Letter to participate, certifying their status as either a qualified institutional buyer or a non-U.S. qualified offeree [3][4]. - The Total Exchange Price for each series of Old Notes will be based on the fixed spread and yield of the specified Reference U.S. Treasury Security as of the Price Determination Date [11][12]. - Verizon will accept Old Notes for exchange using a "waterfall" methodology, subject to a maximum aggregate principal amount of New Notes capped at $2.5 billion [10][12]. Cash Offers - The Cash Offers consist of 10 separate offers to purchase Old Notes for cash, available only to holders who are not Exchange Offer Eligible Holders [22][23]. - Similar to the Exchange Offers, the Cash Offers will expire at 5:00 p.m. (Eastern time) on June 18, 2025, with a settlement date expected on June 25, 2025 [24][29]. - The Total Consideration for each series of Old Notes will be determined based on the yield corresponding to the bid side price of the applicable Reference U.S. Treasury Security [25][31]. - Verizon's obligation to complete a Cash Offer is conditioned on the Maximum Total Consideration Amount not exceeding $300 million [34][35]. New Notes - The New Notes will mature on July 2, 2037, with a coupon rate of 5.401% based on the Reference U.S. Treasury Security [14][15]. - Verizon will not complete the Exchange Offers if the aggregate principal amount of New Notes issued would be less than $750 million [15][16]. Additional Information - Global Bondholder Services Corporation is acting as the Information Agent and Exchange Agent for the Exchange Offers, and as the Tender Agent for the Cash Offers [21][39]. - Holders are advised to check with their intermediaries regarding submission deadlines for participation in the Offers [41].
Comcast vs. Verizon: Which Telecom Stock is a Better Buy Right Now?
ZACKS· 2025-06-18 16:21
Key Takeaways Verizon is driving customer growth through pricing flexibility and expanded fiber network investments. Comcast's rollout of DOCSIS 4.0 enables multi-gigabit speeds over its existing broadband infrastructure. CMCSA's diversified business model supports stability amid macroeconomic pressures.Verizon Communications, Inc. (VZ) and Comcast Corporation (CMCSA) are major players in the telecommunications market. Verizon, the leading wireless carrier in the United States, delivers communication serv ...
VEON's Kyivstar Advances Direct-to-Cell Services With Starlink Integration and Regulatory Approval for Testing
Globenewswire· 2025-06-18 15:43
Core Insights - VEON Ltd. announces that Kyivstar has received regulatory approval for testing Starlink Direct-to-Cell (D2C) services in Ukraine, marking a significant step towards enhancing connectivity in the region [1][4] - Successful integration of Kyivstar's SIM cards with Starlink's satellite network has been confirmed, indicating compatibility and paving the way for the launch of D2C services [2] - The planned launch of D2C services, which will support SMS and over-the-top (OTT) messaging, is set for Q4 2025, aimed at improving connectivity in areas affected by infrastructure damage and during emergencies [3] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, focusing on technology-driven services that promote economic growth [5] - Kyivstar, as Ukraine's largest digital operator, serves over 23 million mobile subscribers and has committed to investing USD 1 billion in telecom technologies from 2023 to 2027 [6] - Kyivstar has allocated over UAH 2 billion in the past two years to support wartime challenges, including assistance to the Armed Forces and social projects [6]
National Advertising Division Finds Certain Verizon Satellite Texting Claims Supported; Recommends Modified Disclosures for Others
GlobeNewswire News Room· 2025-06-18 15:32
Core Viewpoint - The National Advertising Division (NAD) found that Verizon's claims regarding its Satellite Texting services and "largest network" advertising were partially supported but recommended modifications for clearer disclosures in future advertising [1][5][8]. Satellite Claims - NAD reviewed Verizon's claims that it is "conquering dead zones with satellite" and found that these claims do not imply exclusivity over the functionality [2][3]. - The partnership with AST SpaceMobile, currently in testing, does not substantiate the claims made by Verizon regarding satellite texting [3]. - A previous commercial's disclosure about satellite connectivity was deemed insufficiently clear regarding the requirement for newer phone models [4]. - NAD concluded that while Verizon has a reasonable basis for its satellite claims, future advertising must include clear and conspicuous disclosures about the availability of satellite texting features [5]. "Largest Network" Claims - T-Mobile challenged Verizon's claim of having "America's largest network," arguing that this typically refers to geographic coverage rather than subscriber numbers [6]. - NAD found the term "largest network" ambiguous and noted that "postpaid phone connections" may not clearly indicate Verizon subscribers [7][8]. - NAD recommended that Verizon modify its disclosure to clarify what "postpaid phone connections" refers to, ensuring that the claims can be substantiated with appropriate qualifications [8]. Compliance and Discontinuation - Verizon has permanently discontinued the challenged implied claims related to satellite-supported texting and its wireless network, and NAD will treat these claims as recommended for discontinuation for compliance purposes [9]. - Verizon stated it will comply with NAD's recommendations regarding advertising practices [9].
Top Wall Street analysts suggest these dividend stocks for stable income
CNBC· 2025-06-15 12:23
Core Viewpoint - The article emphasizes the potential of dividend stocks as a stable income source for investors amid trade negotiations and geopolitical tensions affecting market sentiment [1] Group 1: Verizon Communications - Verizon Communications declared a quarterly dividend of $0.6775 per share, resulting in a dividend yield of 6.3% [3] - Citi analyst Michael Rollins noted Verizon's goal to double its converged wireless subscriptions from 16% to 17% of its customer base over the next three years [4] - Rollins expects Verizon to add more postpaid phone subscriptions in 2025 and sees Q3 results as a potential catalyst for stock performance [6] - The analyst maintains a buy rating on Verizon with a price target of $48, indicating an under-appreciated value in its financial prospects [7] Group 2: Restaurant Brands International - Restaurant Brands International offers a quarterly dividend of $0.62 per share, translating to an annualized dividend of $2.48 and a yield of approximately 3.7% [9] - The company aims for 8% organic adjusted operating income growth on average between 2024 and 2028 [10] - Evercore analyst David Palmer believes QSR can achieve its profit growth targets despite lower sales projections, citing effective cost management [12] - Palmer reiterated a buy rating with a price target of $86, suggesting a valuation multiple closer to competitors [14] Group 3: EOG Resources - EOG Resources announced a $5.6 billion acquisition of Encino Acquisition Partners, which is expected to enhance its free cash flow and shareholder returns [16] - The company increased its dividend by 5% to $1.02 per share, resulting in a dividend yield of 3.1% [17] - RBC Capital analyst Scott Hanold highlighted the strategic value of the Encino acquisition, maintaining a buy rating with a price target of $145 [18] - Following the acquisition, EOG's net debt to book capital is 0.3x, with a focus on returning 100% of free cash flow to shareholders [20]