other material
confidence high
sentiment positive
materiality 0.65
Verizon unveils $55B capital return plan; raises dividend 2.5%, authorizes $25B buyback
VERIZON COMMUNICATIONS INC
- Quarterly dividend raised to $0.7075 per share, a 2.5% annualized increase ($0.07 per share more than prior annual rate).
- Board authorized $25B share repurchase program; expects at least $3B in repurchases in 2026.
- Company aims to return ~$55B to stockholders via dividends and buybacks through end of 2028.
- Also targeting reduction of net unsecured debt to Adjusted EBITDA ratio as part of cost structure changes.