THE APEX TIMES
Verizon declares $0.7075 quarterly dividend payable Aug. 3, 2026
The telecom giant will pay a quarterly cash dividend of 70.75 cents per share to Verizon shareholders of record by July 10, according to a company announcement.
Verizon Communications Inc. said its board has declared the company’s next quarterly cash dividend of 70.75 cents per common share, continuing a steady payout pattern for NYSE-listed investors in the Media & Telecom sector.
The dividend is payable on Aug. 3, 2026, to shareholders of record as of July 10, 2026, Verizon said in the announcement dated June 4, 2026. The declared rate matches the prior quarter’s dividend level, the company added.
Verizon CEO Dan Schulman called the dividend commitment “ironclad,” linking it to what he described as the company’s focus on long-term shareholder value. He also said Verizon’s ongoing transformation efforts remain centered on customer trust and discipline in how the company allocates capital.
Schulman further highlighted that Verizon is marking 20 consecutive years of dividend increases, a milestone he said the company is “extremely proud of.” The company also put its dividend activity in dollar terms, saying it made approximately $11.5 billion in cash dividend payments in 2025.
Verizon said it has about 4.2 billion shares of common stock outstanding. Using the declared quarterly rate, the company’s dividend implies an annualized payout of roughly $2.83 per share (70.75 cents times four), before any future changes. Verizon did not provide coverage metrics or a payout ratio in the dividend announcement.
The board’s action comes as telecom operators continue to balance capital spending - such as network upgrades - with shareholder returns. Verizon’s statement framed the dividend as part of a broader capital allocation strategy that also supports its network and customer initiatives.
Even so, Verizon’s press release did not disclose whether the dividend is expected to grow in the coming quarters, nor did it provide financial details such as free cash flow, dividend coverage, or any changes to share repurchase plans. Investors typically look for those points in quarterly earnings materials and filings rather than dividend-only announcements.
What to watch next: Verizon’s upcoming earnings and guidance could offer additional context on how the company expects to fund dividend payments alongside capital expenditures. Separately, shareholders will watch for any updates on whether the company’s capital allocation priorities - set against its transformation roadmap - continue to support long-term dividend growth.
Why It Matters
- A fixed quarterly dividend indicates continuity in Verizon’s shareholder-return strategy, even as the telecom sector faces ongoing investment needs.
- The record and payable dates set a clear timetable for dividend eligibility and cash payout scheduling for investors.
- By emphasizing 20 years of consecutive dividend increases, Verizon is reinforcing expectations that its dividend policy remains a core element of its corporate priorities.
- The announcement provides limited financial detail; investors will likely rely on later earnings materials to assess dividend coverage and affordability.
Sources
Key Facts
- Verizon’s board declared a quarterly cash dividend of 70.75 cents per common share.
- The dividend is payable on Aug. 3, 2026.
- Shareholders must be on Verizon’s books as of the close of business on July 10, 2026 to receive the dividend.
- Verizon said the dividend rate is consistent with the prior quarter’s dividend rate.
- CEO Dan Schulman described Verizon’s dividend commitment as “ironclad” and said it reflects long-term shareholder value and capital allocation discipline.
- Verizon said it has approximately 4.2 billion shares of common stock outstanding and made approximately $11.5 billion in cash dividend payments in 2025.
- Schulman said Verizon is celebrating 20 consecutive years of dividend increases.
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