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ATN Increases Dividend 15% as Part of Disciplined Capital Allocation Strategy
Globenewswire· 2025-06-20 14:30
Core Points - ATN International, Inc. announced a quarterly dividend increase of 15% to $0.275 per share, payable on July 7, 2025 [1] - The decision to increase the dividend reflects the company's confidence in its financial strength and future cash flow generation [2] - The company is focused on monetizing investments made during a recent three-year strategic capital spending cycle, supported by cost management and efficiency initiatives [2] Company Overview - ATN International, Inc. is headquartered in Beverly, Massachusetts, and provides digital infrastructure and communications services in the U.S. and internationally, particularly in rural and remote markets [3] - The company's services include advanced wireless and wireline connectivity, high-speed Internet, data services, and carrier and enterprise communications services [3]
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
Core Points - Verizon Communications Inc. announced the expiration and preliminary results of its Exchange Offers and Cash Offers for its outstanding notes [1][4][17] - The Exchange Offers involved exchanging Old Notes for newly issued 5.401% Notes due 2037, with a settlement date expected on June 25, 2025 [3][4] - The Cash Offers also expired on June 18, 2025, with a similar settlement date anticipated [17][18] Exchange Offers - The Exchange Offers included 10 separate private offers to exchange various series of Old Notes for New Notes [3][4] - The total principal amount of Old Notes tendered for exchange was detailed in a table, showing significant amounts for each series [6][7] - The acceptance of Old Notes for exchange was based on a "waterfall" methodology, with a maximum aggregate principal amount of New Notes capped at $2.5 billion [10][11] Cash Offers - The Cash Offers consisted of 10 separate offers to purchase Old Notes for cash, with terms outlined in the Offer to Purchase [16][18] - A table indicated the aggregate principal amount of each series of Old Notes tendered for purchase, with notable amounts for several series [18][19] - Similar to the Exchange Offers, the Cash Offers utilized a "waterfall" methodology for acceptance based on priority levels [20][21] Additional Information - Global Bondholder Services Corporation acted as the Information Agent and Exchange Agent for the Exchange Offers, and also for the Cash Offers [14][24] - The final principal amounts of each series of Old Notes validly tendered and accepted for exchange and purchase will be announced by June 23, 2025 [23]
Want $2,000 in Annual Dividends? Invest $11,000 in Each of These 3 Stocks
The Motley Fool· 2025-06-20 08:25
Core Viewpoint - Generating high dividend income requires careful selection of stocks to avoid potential cuts or suspensions in dividend payments, emphasizing the importance of analyzing a company's financial health and future prospects. Group 1: Verizon Communications - Verizon offers a dividend yield of 6.4%, which is considered safe despite a modest share price increase of around 7% over the past year [4][5] - The company's payout ratio stands at a sustainable 64% of its earnings, and it has increased its dividend for 18 consecutive years, with a 23% increase in its quarterly dividend over the past decade [5] - Verizon is projected to generate free cash flow of at least $17.5 billion this year, exceeding its annual dividend payout of approximately $11.3 billion, making it an attractive dividend stock [6] Group 2: United Parcel Service (UPS) - UPS provides a slightly higher dividend yield of 6.5%, with an expected annual dividend income of $715 from an $11,000 investment [8] - The stock has seen a 20% decline in share price since the beginning of the year, which has increased its yield, presenting a favorable buying opportunity [9] - UPS's payout ratio is around 100%, and it generated $5.4 billion in free cash flow over the past year, indicating tight margins but ongoing efforts to cut costs, including a layoff of 20,000 workers [9][11] Group 3: Vici Properties - Vici Properties, a REIT, has a dividend yield of 5.4%, with an annual dividend income of approximately $594 from an $11,000 investment [12] - The company's funds from operations (FFO) per share for the first three months of 2025 was $0.51, which exceeds its current quarterly dividend of $0.4325, indicating a safe payout [13] - Vici's portfolio includes major gaming destinations, providing a stable income stream, and it trades at 13 times its trailing earnings, making it a modestly priced investment [14]
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
Industry Overview - The U.S. telecommunication industry in 2025 is characterized by high competition and rapid evolution driven by 5G adoption, demand for high-speed broadband, and AI-driven network optimization [2] Verizon Communications, Inc. (VZ) - Verizon is expanding its fiber-optic networks to support 4G LTE and 5G standards, which is contributing to solid customer additions through flexible pricing plans [3] - The company has introduced a three-year price lock guarantee for its myPlan and myHome network plans, aimed at attracting new customers and retaining existing ones [3] - Verizon is facing stiff competition from AT&T and T-Mobile, which is impacting its margins, and it has incurred high capital expenditures for its 5G Ultra-Wideband network and fiber asset deployment [4] - The introduction of network slicing in Verizon Frontline across 50 major markets enhances reliability for first responders, indicating a focus on new revenue opportunities [5] Comcast Corporation (CMCSA) - Comcast Xfinity offers widely accessible broadband services through a Hybrid Fiber-Coaxial (HFC) network, enabling gigabit-plus speeds for residential and business customers [6] - The rollout of DOCSIS 4.0 technology allows Comcast to deliver multi-gigabit symmetrical broadband speeds, enhancing its existing infrastructure [7] - Comcast has introduced a Five-Year Price Guarantee for Xfinity Internet Customers, addressing customer pain points related to pricing and transparency [9] - The company has a diverse revenue stream beyond connectivity, including its Studio business and Peacock streaming service, which saw a 20.6% year-over-year increase in paid subscribers to 41 million [10] - Despite macroeconomic challenges, Comcast's diversified business model provides stability, although it faces increased competition in the fiber broadband space [11] Financial Performance - The Zacks Consensus Estimate for Verizon's 2025 sales and EPS implies year-over-year growth of 1.7% and 2.18%, respectively, with a downward trend in EPS estimates over the past 60 days [12] - Comcast's 2025 sales are projected to decline by 1.35%, while EPS is expected to grow by 0.46%, with a recent upward trend in EPS estimates [12] - Over the past year, Verizon's stock has gained 4.2%, while Comcast's has declined by 6.3% [14] - From a valuation perspective, Comcast appears more attractive with a price/earnings ratio of 7.64 compared to Verizon's 8.77 [15] Investment Outlook - Both Verizon and Comcast are focusing on expanding their fiber broadband infrastructure and customer base, but face increasing competition [16] - Comcast's diverse revenue streams, including streaming and theme parks, offer greater resiliency, making it a potentially better investment option at present [19]
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].
5 Safe Dividend Stocks Yielding Over 5% You Can Buy Without Hesitation Right Now for Passive Income
The Motley Fool· 2025-06-17 00:05
Core Viewpoint - Higher-yielding dividend stocks can provide significant passive income, with several low-risk options yielding above 5%, which is more than triple the S&P 500's sub-1.5% yield [1] Company Summaries Enterprise Products Partners - Enterprise Products Partners (EPD) currently yields 6.7% and has a stable cash flow profile supported by long-term, fixed-rate contracts and government-regulated rate structures [3] - The company has increased its distribution for 26 consecutive years and has $7.6 billion in major capital projects expected to enter commercial service by the end of next year, which will further support its high-yielding payout [4] Enbridge - Enbridge yields 5.8% and has predictable cash flow backed by cost-of-service agreements and long-term, fixed-fee contracts, securing 98% of its annual earnings [5] - The company pays out 60% to 70% of its cash flow in dividends and has a strong investment-grade balance sheet, allowing for significant investments in expansion projects [6] NNN REIT - NNN REIT has a 5.5% dividend yield, focusing on single-tenant retail properties with long-term, triple-net leases that provide stable cash flow [7] - The REIT expects to generate $200 million in post-dividend free cash flow this year and has a conservative balance sheet, enabling it to invest in new income-generating properties [8] Verizon - Verizon offers a 6.3% dividend yield, generating $36.9 billion in cash flow from operations last year, which comfortably covered its capital expenditures and dividend payments [9] - The company is acquiring Frontier Communications for $20 billion to enhance its fiber network, supporting future cash flow growth and enabling continued dividend increases [10] Vici Properties - Vici Properties has a 5.4% dividend yield, backed by a high-quality real estate portfolio in gaming, hospitality, and entertainment, with long-term NNN leases [11] - The REIT pays out 75% of its stable income in dividends and has raised its dividend every year since its formation, achieving a 7.4% compound annual growth rate [12] Conclusion - The highlighted companies—Enterprise Products Partners, Enbridge, NNN REIT, Verizon, and Vici Properties—demonstrate strong financial profiles and stable cash flows, supporting their high dividend yields and consistent increases in payouts, making them attractive options for passive income [13]
Verizon to report 2Q earnings July 21, 2025
Globenewswire· 2025-06-16 12:00
Core Viewpoint - Verizon Communications Inc. is set to report its second-quarter 2025 earnings on July 21, 2025, with a webcast presentation scheduled for 8:30 a.m. Eastern Time [1]. Group 1: Earnings Report Details - Second-quarter 2025 materials will be available on Verizon's Investor Relations website at 7:00 a.m. ET [1]. - The earnings report will include detailed information such as a recording and transcript of management's commentary, earnings news release, and financial tables [2]. Group 2: Company Overview - Verizon generated revenues of $134.8 billion in 2024, highlighting its significant market presence [1]. - The company focuses on delivering mobility, reliable network connectivity, and security to its millions of customers worldwide, including nearly all of the Fortune 500 [1].
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]