Latest news with #VerizonCommunicationsInc
Yahoo
12 hours ago
- Business
- Yahoo
Verizon declares quarterly dividend on June 6
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on August 1, 2025 to Verizon shareholders of record at the close of business on July 10, 2025. Verizon continues to take a strategic and disciplined approach to achieving its financial goals by focusing on targeted customer segments and integrating its services to deliver greater personalization. Building on its financial strength, Verizon continues to invest in its business and drive innovation to better serve its customers. 'As the nation's leader in mobility and broadband for consumers and businesses, we create great experiences for a broad and high-quality base of customers,' said Chairman and CEO Hans Vestberg. 'This allows us to continue paying our dividend even in uncertain economic environments, while investing in our business to extend our network leadership, enhance America's communications infrastructure and meet the present and future needs of all our customers.' Verizon has approximately 4.2 billion shares of common stock outstanding. The company made more than $11.2 billion in cash dividend payments in 2024. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media contact:Jamie 401-5460Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Verizon reports preliminary results of shareholder vote at 2025 annual meeting
BASKING RIDGE, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format. Verizon's shareholders elected each of Verizon's 10 directors to a one-year term. Shareholders also voted in favor of two management proposals: Approved the compensation of the company's named executive officers as described in the 2025 proxy statement; and Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm. All three shareholder proposals were defeated: issue report on climate lobbying alignment; issue report on lead-sheathed cables; and assess risks related to discrimination in advertising services. Vote tallies are considered preliminary until the final results are tabulated and certified by independent inspectors of election. The final results will be posted on Verizon's website at Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media contacts:Jamie Adi Wineland
Yahoo
22-05-2025
- Business
- Yahoo
Verizon reports preliminary results of shareholder vote at 2025 annual meeting
BASKING RIDGE, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format. Verizon's shareholders elected each of Verizon's 10 directors to a one-year term. Shareholders also voted in favor of two management proposals: Approved the compensation of the company's named executive officers as described in the 2025 proxy statement; and Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm. All three shareholder proposals were defeated: issue report on climate lobbying alignment; issue report on lead-sheathed cables; and assess risks related to discrimination in advertising services. Vote tallies are considered preliminary until the final results are tabulated and certified by independent inspectors of election. The final results will be posted on Verizon's website at Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at News releases are also available through an RSS feed. To subscribe, visit Media contacts:Jamie Adi Wineland in to access your portfolio
Yahoo
18-05-2025
- Business
- Yahoo
With 67% ownership of the shares, Verizon Communications Inc. (NYSE:VZ) is heavily dominated by institutional owners
Significantly high institutional ownership implies Verizon Communications' stock price is sensitive to their trading actions A total of 25 investors have a majority stake in the company with 42% ownership Insiders have been selling lately This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. If you want to know who really controls Verizon Communications Inc. (NYSE:VZ), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 67% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's take a closer look to see what the different types of shareholders can tell us about Verizon Communications. See our latest analysis for Verizon Communications Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Verizon Communications already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Verizon Communications' earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Verizon Communications is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.7% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.5% and 4.8%, of the shares outstanding, respectively. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our information suggests that Verizon Communications Inc. insiders own under 1% of the company. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$52m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. With a 33% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Verizon Communications. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Verizon Communications , and understanding them should be part of your investment process. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
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Is Verizon Communications Inc. (VZ) the Best Dow Stock?
We recently published a list of . In this article, we are going to take a look at where Verizon Communications Inc. (NYSE:VZ) stands against other Dow stocks. The Dow Jones Industrial Average is a benchmark index of the top 30 companies in the US. It represents the strength of the US economy and carries great historical significance as well. It also acts as a reference point for analysts and investors. However, not all stocks within this elite group of companies perform equally. While some thrive on innovation and economic boom, others struggle due to various setbacks and economic trends. We decided to break down the index and find out the best and worst stocks, looking at what was making them perform unexpectedly this year. In order to come up with our ranking of the best and worst Dow stocks, we first assigned a rank to each stock based on the number of hedge funds holding the stock. We then looked at the short interest in each stock and assigned the top rank to the company with the least short interest. We then combined the two ranks to see which stock was the best on average. The list is in ascending order, with the best stock taking the number one spot. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A smiling customer receiving customer contact center solutions on their Interest as of Apr 30, 2025: 1.89% Verizon Communications Inc. (NYSE:VZ) is a technology, entertainment, communications, and information products and services provider. Evercore ISI recently upgraded the company from In Line to Outperform with an increased price target of $48. The research firm also highlighted Verizon Communications Inc. (NYSE:VZ) as its top pick in the wireless sector. Evercore is bullish on Verizon's growth potential and broadband strategy. Evercore mentioned: 'Notwithstanding some potential subscriber volatility, we remain confident in its [Verizon's] ability to meet its wireless service revenue growth target.' The company has entered into a partnership with Google Cloud to improve customer service using artificial intelligence technology. This collaboration has delivered impressive results. Thanks to AI, it enhanced customer service query quality by 95% and raised sales by around 40%. Sampath Sowmyanarayan, CEO of Verizon's consumer group business, mentioned: 'Our collaboration with Google Cloud and the integration of Gemini into our customer care platforms mark a significant advancement in our commitment to providing exceptional customer experiences.' Heading into 2025, the firm anticipates sustained growth in adjusted EBITDA and wireless service revenue. Management remains confident in improving consumer postpaid phone net adds compared to the previous year. Overall, VZ ranks 23rd on our list of best and worst Dow stocks. While we acknowledge the potential of VZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
