NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2022, to Verizon shareholders of record at the close of business on October 7, 2022.

This is the 16th consecutive year Verizon's Board has approved a quarterly dividend increase.

"Our consistently disciplined approach to the market to maximize growth and profitability has again put the Verizon Board in a position to raise the dividend," said Chairman and CEO Hans Vestberg. "We will continue to execute our network-as-a-service strategy to deliver long-term shareholder value."

Verizon has approximately 4.2 billion shares of common stock outstanding. The company made approximately $5.4 billion in cash dividend payments in the first half of 2022.

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.

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Media contact:

Eric Wilkens

eric.wilkens@verizon.com

201-572-9317

@ericwilkens

Verizon increases dividend for 16th consecutive year