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published in Blogs
Jul 07, 2023

Verizon Communications (VZ) on Track to Pay Dividends for Q3 2023, Steady Yield Expected

Verizon Communications (VZ), one of the largest telecommunication companies in the United States, is anticipated to maintain its steady dividends distribution this year. The company has declared a dividend of $0.65 per share for the third quarter, which will be paid on August 1, 2023. The record date set for this dividend payment is August 1, 2023, while the ex-dividend date is July 7, 2023. This dividend declaration mirrors the $0.65 per share distributed in the previous quarter, paid on May 1, 2023.

Understanding Dividends Dates

For the uninitiated, the importance of the ex-dividend date is crucial in the dividends distribution process. This date is usually set a few business days before the record date and plays a significant role in determining who is eligible to receive the dividend. If an investor purchases the stock on its ex-dividend date or later, they will not receive the upcoming dividend. Instead, this dividend will be paid to the seller. Conversely, if the stock is bought before the ex-dividend date, the investor will be eligible to receive the dividend.

Earnings Analysis and Dividend Yield

As the dividend amount remains consistent from the last quarter, it reflects Verizon's stable cash flows and its commitment to rewarding shareholders. This steady dividend policy mirrors the company's consistent financial performance and demonstrates the firm's confidence in its sustained profitability.

Investors keen on income-focused investment strategy will be interested in Verizon's dividend yield. The dividend yield, a financial ratio that indicates how much a company pays out in dividends each year relative to its stock price, is a key indicator of the return on investment for a stock. Given Verizon's steady dividend payments, it may be a suitable candidate for such investors seeking regular income.

Concluding Thoughts

In a competitive and rapidly evolving telecommunications market, Verizon's steady dividends highlight its financial robustness and commitment to shareholder returns. This consistency provides a certain degree of assurance to income-focused investors, especially in an era of low-interest rates where finding stable income sources can be challenging.

Nonetheless, prospective investors should not make decisions based solely on dividends. It's also essential to consider other fundamental factors such as the company's earnings growth, balance sheet strength, and market position.

The announcement of Verizon's upcoming dividend payment reflects positively on the company's stable financial position. It will be interesting to observe if the firm can continue this positive trend in future quarters and if it will consider increasing dividends as a way of rewarding its shareholders further.

Related Ticker: VZ

VZ in +1.03% Uptrend, growing for three consecutive days on September 20, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where VZ advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

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Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 17.34B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 67%. HKTTF experienced the highest price growth at 52%, while TCPFF experienced the biggest fall at -62%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was 41% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 61
Price Growth Rating: 52
SMR Rating: 72
Profit Risk Rating: 79
Seasonality Score: -27 (-100 ... +100)
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General Information

a provider of wired and wireless telecommunication services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
1095 Avenue of the Americas
Phone
+1 212 395-1000
Employees
105400
Web
https://www.verizon.com
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