NEW YORK, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 64 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 2, 2022, to Verizon shareholders of record at the close of business on April 8, 2022.

Chairman and CEO Hans Vestberg said, "We are pleased that our consistent operations performance has once again put our Board in a position to return a dividend to our shareholders."

Verizon has 4.198 billion shares of common stock outstanding. The company made $10.4 billion in cash dividend payments in 2021.

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) was formed on June 30, 2000 and is one of the world's leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers' demand for mobility, reliable network connectivity, security and control.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Kim Ancin

Kimberly.Ancin@verizon.com

908.801.0500

Eric Wilkens

eric.wilkens@verizon.com

201.572.9317

2/28/22: Verizon declares quarterly dividend