Verizon Communications Inc. (VZ) to Issue Quarterly Dividend of $0.69 on February 2nd

Verizon Communications Inc. (NYSE:VZ) declared a quarterly dividend on Thursday, December 4th. Investors of record on Monday, January 12th will be given a dividend of 0.69 per share by the cell phone carrier on Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, January 12th.

Verizon Communications has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Verizon Communications has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Verizon Communications to earn $4.86 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 56.8%.

Verizon Communications Stock Down 0.3%

VZ opened at $40.46 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.69 and a current ratio of 0.74. The company has a market cap of $170.59 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 3.53 and a beta of 0.34. Verizon Communications has a one year low of $37.58 and a one year high of $47.35. The business’s fifty day moving average is $40.54 and its two-hundred day moving average is $41.88.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Wednesday, October 29th. The cell phone carrier reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. Verizon Communications had a return on equity of 19.31% and a net margin of 14.43%.The business had revenue of $33.82 billion during the quarter, compared to the consensus estimate of $34.19 billion. During the same quarter in the previous year, the company posted $1.19 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Analysts anticipate that Verizon Communications will post 4.69 EPS for the current fiscal year.

About Verizon Communications

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.