today declared a quarterly dividend of 64 cents per outstanding share (NYSE, Nasdaq: VZ), up 1.25 cents from the prior quarter. On November 1, 2021, Verizon shareholders of record at the end of business on October 8, 2021, will receive a quarterly dividend.
Is Verizon a good dividend stock?
The increased annual dividend rate indicates a dividend yield of 4.66 percent, which is higher than the S&P 500 SPX’s estimated yield of 1.33 percent based on current stock prices. For the second time this year, Verizon’s stock has been ranked the third-highest yielding in the Dow Jones Industrial Average (DJIA).
How do I get my Verizon dividend?
On dividend payment dates, Verizon dividends can be automatically reinvested or paid straight into your checking or savings account. Direct deposit is a convenient method of depositing dividends and protecting against lost cheques and mail delays.
Is Verizon a safe stock to buy?
Verizon (VZ 1.36 percent) is sometimes referred to as a “defensive” stock because of its long-term outlook. Just 11 times forward earnings, it has the largest wireless network in the United States, and the stock has a forward dividend yield of 4.4% In addition, it has increased its dividend every year for the past 14 years.
How often does Verizon dividend?
today announced a quarterly dividend of 62.75 cents per share, in line with the preceding three periods, for the company (NYSE, Nasdaq: VZ). On August 2, 2021, Verizon shareholders of record at the close of business on July 9, 2021, will receive a quarterly dividend.
How long do you have to own a stock to get a dividend?
Dividends are paid out to shareholders after only two business days of ownership. To be eligible for the dividend, you would need to acquire a stock with one second remaining before market closing and hold onto it for two working days. However, buying a company only for the purpose of receiving a dividend might be expensive. The terms “ex-dividend date,” “record date,” and “payout date” are all critical to understanding the entire procedure.
How is Verizon doing financially?
According to Verizon Chairman and CEO Hans Vestberg, “Verizon is off to an outstanding start in 2021 as we handled the challenge of fierce competition in the first quarter.” “Our company’s recent win in the C-Band spectrum auction kicked off the year on a high note. Our Network-as-a-Service strategy is being implemented, and we are concentrating on the five pillars that support our growth framework and position us for success in 2021 and beyond.”
EPS for the first quarter of 2021 was $1.27, compared to $1.00 in the first quarter of 2020, Verizon. To compare, adjusted (non-GAAP) first-quarter 2021 earnings per share (EPS) were $1.31 as opposed to $1.26 in first-quarter 2020 (excluding one-time items).
About $223 million in pre-tax losses from the sale of some cellular licenses were reflected in the first quarter 2021 EPS. The company’s recall of Ellipsis Jetpack devices had a negative 3 cent impact on first-quarter 2021 EPS and adjusted EPS.
“Higher revenues and robust demand for our products and services are being driven by the health of our core business, according to Verizon Chief Financial Officer Matt Ellis. “As the first quarter comes to a close, we have excellent momentum as a result of our strong operational and financial results. Quality, long-term revenue growth from wireless services, a rebound in revenues from wireless equipment, robust Fios momentum, and great Verizon Media trends were the driving forces.”
Consolidated results
- This quarter saw total operating revenues of $32.9 billion, an increase of 4.0% compared to the same period last year. Verizon’s core business is strong, and this growth shows that the firm is well-positioned to take advantage of the market’s prospects while maintaining great momentum in relation to its full-year adjusted EPS estimate (non-GAAP).
- By the end of 2021, Verizon aims to have saved $10 billion in cumulative cash. This year, the corporation met its objective for first-quarter 2021 ahead of schedule. Through continuous cost-cutting initiatives, Verizon will be able to find even more ways to save money.
- There was a $900 million increase in first-quarter 2021 cash flow from operations, driven by the company’s sustained operational discipline and net gains from its liabilities management initiatives that cut borrowing rates from last year.
- Capital expenditures in the first quarter of 2021 totaled $4.5 billion, of which about $40 million was spent on C-Band-related goods. The company’s 4G LTE network and the expansion of its 5G Ultra Wideband and national networks continue to be supported by capital expenditures.
- Free cash flow (non-GAAP) for the first quarter of 2021 was $5.2 billion, up from $3.6 billion in the first quarter of 2020.
- After winning C-Band spectrum in the latest auction, Verizon paid the FCC roughly $45 billion in the first quarter of 2021. Second-quarter 2020 funds totaled $12 billion, with a total of $31 billion in March 2021. Verizon collaborated with nine minority-, women-, veteran-, or handicapped veteran-owned enterprises as part of its $25 billion US financing, adding to its long history of capital market partnerships with diverse firms.
- There was an increase in Verizon’s unsecured debt balance of $42.9 billion year over year in the first quarter of 2021 to $147.6 billion, and the non-GAAP net unsecured debt of $39.7 billion. Non-GAAP adjusted EBITDA ratio for Verizon was 2.9 times. The company’s net unsecured debt to adjusted EBITDA ratio (non-GAAP) is expected to be roughly 2.8 times by the end of 2021, based on current cash flow expectations.
Consumer results
- There was a 4.7% year-over-year increase in Verizon Consumer revenues to $22.8 billion, mostly due to increased phone activations. In the first-quarter of 2020, sales of consumer wireless equipment totaled $4.2 billion, an increase of 24.1 percent.
- Consumer reported a net loss of 326,000 wireless retail postpaid customers in the first quarter of 2021. Other linked devices added 70,000 to the total number of connected devices that were lost.
- As consumers continue to embrace cellular unlimited and premium unlimited plans, the first-quarter 2021 consumer wireless service revenues were $13.7 billion, a 1.5% year-over-year gain.
- In the first quarter of 2021, retail postpaid phone turnover was 0.77 percent, and total retail postpaid churn was 0.97 percent.
- This figure represents an increase from the first quarter of 2020, when there were 59,000 Fios Internet net additions, when there were 98,000 net additions. In the first quarter of 2021, there were 102,000 total Fios Internet net additions, the most since 2015. Fios TV customers reported net losses of 82,000 dollars in the first quarter of 2021, a reflection of the continuous move away from traditional linear video to over-the-top services. A surge in broadband subscribers and an increase in speed tiers has more than offset the impact of secular video trends and is likely to continue to produce strong revenue growth for the company.
- In the first quarter of 2021, the Consumer sector operating income was $7.5 billion, an increase of 3.3% year over year, and the segment operating income margin was 33.0%, down from 33.5% in the first quarter of 2020. EBITDA (non-GAAP) in the first quarter of 2021 rose from $10.1 billion in the same period last year to $10.4 billion. Higher equipment quantities in the first quarter of 2021 led to a fall in the segment’s EBITDA margin (non-GAAP) from 46.4 percent to 45.5 percent.
Business results
- In the first quarter of 2019, Verizon Business revenues totaled $7.8 billion, an increase of 1.3 percent compared to the same period last year. Wireless service expansion outpaced wireline service declines in the long run.
- In the first quarter of 2021, the company recorded net additions of 156,000 wireless retail postpaid customers. 47,000 phone net additions and 79,000 tablet net additions were included in this total.
- In the first quarter of 2021, business wireless service revenues totaled $3.1 billion, an increase of 6.2 percent over the previous year.
- Retail postpaid phone churn was 1.01 percent in the first quarter of 2021, while total retail postpaid churn was 1.24 percent.
- In the first quarter of 2021, the Business segment operating income was $899 million, a reduction of 5.8% year over year, and the segment operating income margin was 11.6%, down from 12.4% in the first quarter of 2020. EBITDA (non-GAAP) in the first quarter of 2021 decreased from first quarter 2020 by $1.9 billion to $1.9 billion. EBITDA margin (non-GAAP) was 24.6 percent, down from 25.6 percent in the first quarter of next year’s forecast.
Media results
In the first quarter of 2021, Verizon Media revenues totaled $1.9 billion, an increase of approximately 10.4% over the previous year. Verizon Media saw a double-digit year-over-year increase in revenue this quarter. As a result of solid advertising trends, revenue from the company’s owned and managed platforms grew by 13 percent year over year in the third quarter.
Outlook and guidance
- Service and other revenue increase of at least 2%, including at least 3% growth in wireless service revenue.
- The non-GAAP adjusted effective tax rate is in the 23-25 percent range.
- New and existing 5G mmWave deployments, the densification of the 4G LTE network to handle future traffic demands, and the development of the company’s fiber infrastructure are all included in the capital spending estimate of $17.5 billion to $18.5 billion. Over the course of the next three years, the company’s C-Band 5G network is estimated to cost around $10 billion, with a $2 billion to $3 billion expenditure planned in 2021.
What is Coca Cola dividend?
A 3.07 percent dividend yield can be expected from Coca-quarterly Cola’s payout of $0.42 per share. Dividend payout ratio, or the percentage of profits distributed as dividends, has risen to more than 100% in recent years. Because eventually the company runs out of cash, a dividend payout ratio of more than 100% is unsustainable.
Do Tesla pay dividends?
Tesla’s common stock has never been paid a dividend. We do not expect to pay any cash dividends in the near future because we plan to use all future earnings to fund future growth.
