Verizon Communications(NYSE:VZ) Declares Dividend of $0.5775.

Verizon Communications (NYSE:VZ) had declared a cash dividend of $0.5775 on Sep 16, 2016. The shares will quote ex-dividend on Oct 5, 2016 and the record date has been fixed for Oct 7, 2016. On Sep 16, 2016 share price, the yield comes out to be 4.4526%. The dividend payable date has been fixed on Nov 1, 2016.

In a different note, On Jul 28, 2016, Morgan Stanley said it Maintains its rating on Verizon Communications. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 27, 2016, Hilliard Lyons said it Downgrades its rating on Verizon Communications. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, UBS said it Maintains its rating on Verizon Communications. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Verizon Communications. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Oppenheimer said it Downgrades its rating on Verizon Communications. The shares have been rated ‘Perform’ by the firm.

Verizon Communications (VZ) made into the market gainers list on Thursdays trading session with the shares advancing 0.93% or 0.48 points. Due to strong positive momentum, the stock ended at $52.35, which is also near the day’s high of $52.49. The stock began the session at $52.15 and the volume stood at 1,27,51,895 shares. The 52-week high of the shares is $56.95 and the 52 week low is $42.2. The company has a current market capitalization of $213,394 M and it has 4,07,63,01,800 shares in outstanding.

Verizon Communications(VZ) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $30.53B. Analysts had an estimated revenue of $31.06B. Earnings per share were $0.94. Analysts had estimated an EPS of $0.95.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Craig L. Silliman (EVP of PubPolicy & Gen Counsel) sold 672 shares at $52.76 per share price.Also, On Feb 26, 2016, Diego Scotti (EVP & Chief Marketing Officer) purchased 800 shares at $50.75 per share price.On Aug 11, 2015, Marni M Walden (EVP&Pres of Prod Innov&New Bus) sold 8,229 shares at $46.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Verizon Communications Inc. (Verizon) is a holding company that acting through its subsidiaries provides communications information and entertainment products and services to consumers businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless’ communications products and services include wireless voice and data services and equipment sales which are provided to consumer business and government customers across the United States. Wireline’s voice data and video communications products and services include broadband video and data corporate networking solutions data center and cloud services security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States as well as to carriers businesses and government customers both in the United States and around the world.

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