GlobeNewswire Inc | Dec 2, 2021 11:54AM EST

December 02, 2021

NEW YORK, Dec. 02, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 64 cents, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2022, to Verizon shareowners of record at the close of business on January 10, 2022.

Chairman and CEO Hans Vestberg said, Our disciplined strategy and execution continues to create short- and long-term value for our shareholders.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made approximately $7.8 billion in cash dividend payments in the last three quarters.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the worlds leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers demand for mobility, reliable network connectivity, security and control.

VERIZONS ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:Eric Wilkenseric.wilkens@verizon.com201.572.9317@ericwilkens