Overview
- On June 5 Verizon declared a quarterly dividend of $0.7075 per share, payable August 3 to holders of record on July 10.
- Management emphasized a long track record of income returns, noting 20 consecutive years of dividend increases and calling the payout "ironclad."
- Verizon reported fiscal 2025 operating cash flow of about $37.1 billion and is guiding free cash flow above $21 billion for 2026, which analysts say covers the dividend multiple times.
- The company restarted buybacks and completed $2.5 billion of repurchases in Q1 2026 while using cash to pay down debt tied to the Frontier deal.
- Verizon closed its Frontier acquisition on January 20, 2026, expanding its fiber footprint to more than 30 million premises, and senior executives have added phantom stock units since March to signal confidence in cash generation.