Verizon company headlines, earnings, strategy, leadership, and market-moving business updates.
Market data may be delayed. For informational purposes only. Not investment advice.
A market report points to June 29 as the date Verizon’s shares leave the Dow Jones Industrial Average, a change that can ripple through passive investment products and broader trading expectations.
THE APEX TIMES
THE APEX TIMES
The index change, reported by Yahoo Finance, would swap out Verizon for Alphabet in the Dow, a move that can reverberate through funds and trading linked to the benchmark.
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Verizon Communications completed cash tender and exchange offers for about $1.86 billion of subsidiary notes and, separately, was removed from the Dow Jones Industrial Average, with Alphabet set to take its place.
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Verizon’s 22-year stretch in the Dow Jones Industrial Average is set to end on June 29, according to a Yahoo Finance report, as the 30-stock benchmark makes room for a new member linked to the AI application boom.
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A market report says Alphabet, the parent of Google, is set to join the Dow Jones Industrial Average, replacing Verizon as part of an index reshuffle.
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A plan simplification and new loyalty perks strategy is aimed at improving how customers buy and manage wireless service, even as Verizon continues to advertise a dividend yield in the low-6% range.
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The carrier introduced two new wireless offerings aimed at making pricing easier to understand and giving customers a more bundled option, following recent subscriber losses.
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The carrier is responding to customer losses in its wireless business, which it is tying in part to higher prices over the past several years.
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A recent Yahoo Finance item highlighted Verizon as a heavily watched name among Zacks.com users, pointing readers to a checklist-style look at forward factors that can move the stock.
