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Verizon Declares $0.7075 Quarterly Dividend, Maintaining Steady Yield
The Board of Directors of Verizon Communications Inc. (NYSE: VZ) announced on September 16, 2026 that the company will pay a quarterly cash dividend of 70.75 cents per share. The dividend is scheduled to be paid on November 2, 2026 to shareholders of record as of the close of business on October 9, 2026. The declaration keeps Verizon’s dividend rate unchanged from the previous quarter.
Verizon’s dividend policy has been consistent for several years. With roughly 4.2 billion shares of common stock outstanding, the company’s 2025 cash dividend payments totaled about $11.5 billion. The quarterly dividend of $0.7075 translates to an annual dividend of $2.83 per share, giving the stock a forward yield of about 5.6 % based on current market prices. Analysts note that Verizon’s payout ratio is around 73.7 %, indicating that the company distributes a substantial portion of its earnings to shareholders while retaining enough capital for investment.
CEO Dan Schulman said the dividend reflects Verizon’s “focused operational execution and our ability to drive sustainable cash flow.” He added that the company’s business strength allows it to “maintain our unwavering commitment to the dividend and deliver for our shareholders, while continuing to invest for long‑term growth.” The statement underscores Verizon’s dual focus on returning capital and funding future expansion.
In addition to the dividend, Verizon has announced a new share‑repurchase program worth $25 billion. Management expects to execute at least $3 billion in buybacks during 2026, according to a recent report. The program is part of the company’s broader capital‑allocation strategy, which also includes the dividend and other investments in network infrastructure.
Verizon remains the largest wireless carrier in the United States, with 146.8 million subscribers as of March 31, 2026. The company’s dividend yield is higher than many of its telecom peers, which has attracted investors seeking income in a sector that has traditionally offered modest yields. The dividend’s stability also aligns with Verizon’s long‑term capital‑allocation plan, which balances shareholder returns with network upgrades and strategic acquisitions.
The dividend payment will be processed on November 2, 2026, after the record‑date of October 9. Investors who own shares on that date will receive the payment. The ex‑dividend date, which determines eligibility for the dividend, is typically set a few days before the record date; for the current quarter it was October 12, 2026.
Verizon’s next earnings release is expected in early December 2026, covering the third quarter of its fiscal year. The company’s financial statements will provide further insight into its cash‑flow generation, capital‑expenditure plans, and the impact of the share‑repurchase program. Analysts will also monitor how the dividend and buyback activity influence Verizon’s share price and overall valuation.
In summary, Verizon’s board has reaffirmed its commitment to a steady dividend of 70.75 cents per share, a policy that has been in place for multiple quarters. The company’s dividend yield of roughly 5.6 % and payout ratio of 73.7 % reflect a balance between returning capital to shareholders and funding future growth. The new share‑repurchase program adds another layer to Verizon’s capital‑allocation strategy. Investors should watch the upcoming earnings report and the company’s guidance on capital spending and dividend policy for further developments.
Verizon’s dividend policy has been consistent for several years. With roughly 4.2 billion shares of common stock outstanding, the company’s 2025 cash dividend payments totaled about $11.5 billion. The quarterly dividend of $0.7075 translates to an annual dividend of $2.83 per share, giving the stock a forward yield of about 5.6 % based on current market prices. Analysts note that Verizon’s payout ratio is around 73.7 %, indicating that the company distributes a substantial portion of its earnings to shareholders while retaining enough capital for investment.
CEO Dan Schulman said the dividend reflects Verizon’s “focused operational execution and our ability to drive sustainable cash flow.” He added that the company’s business strength allows it to “maintain our unwavering commitment to the dividend and deliver for our shareholders, while continuing to invest for long‑term growth.” The statement underscores Verizon’s dual focus on returning capital and funding future expansion.
In addition to the dividend, Verizon has announced a new share‑repurchase program worth $25 billion. Management expects to execute at least $3 billion in buybacks during 2026, according to a recent report. The program is part of the company’s broader capital‑allocation strategy, which also includes the dividend and other investments in network infrastructure.
Verizon remains the largest wireless carrier in the United States, with 146.8 million subscribers as of March 31, 2026. The company’s dividend yield is higher than many of its telecom peers, which has attracted investors seeking income in a sector that has traditionally offered modest yields. The dividend’s stability also aligns with Verizon’s long‑term capital‑allocation plan, which balances shareholder returns with network upgrades and strategic acquisitions.
The dividend payment will be processed on November 2, 2026, after the record‑date of October 9. Investors who own shares on that date will receive the payment. The ex‑dividend date, which determines eligibility for the dividend, is typically set a few days before the record date; for the current quarter it was October 12, 2026.
Verizon’s next earnings release is expected in early December 2026, covering the third quarter of its fiscal year. The company’s financial statements will provide further insight into its cash‑flow generation, capital‑expenditure plans, and the impact of the share‑repurchase program. Analysts will also monitor how the dividend and buyback activity influence Verizon’s share price and overall valuation.
In summary, Verizon’s board has reaffirmed its commitment to a steady dividend of 70.75 cents per share, a policy that has been in place for multiple quarters. The company’s dividend yield of roughly 5.6 % and payout ratio of 73.7 % reflect a balance between returning capital to shareholders and funding future growth. The new share‑repurchase program adds another layer to Verizon’s capital‑allocation strategy. Investors should watch the upcoming earnings report and the company’s guidance on capital spending and dividend policy for further developments.
