Verizon Communications Inc. (NYSE:VZ) Updates On Dividend Release Date


On 2016-09-01, Verizon Communications Inc. (NYSE:VZ) confirmed the dividend disbursement of $0.577 a share to shareholders as on record 2016-10-07. The firm will release dividend on 2016-11-01 while ex-dividend date is reported to be 2016-10-05.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Verizon Communications Inc. (NYSE:VZ) paid a total of $0.577 per share in dividends. This figure stood at $0.577 a share in the same period a year ago indicating a deviation of 3.5047%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $53.857 on the stock. This figure is the average of recommendations offered by 14 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $60 and $42, respectively.

Taking the mathematical rating formula, the price for Verizon Communications Inc. (NYSE:VZ) stands at 2.63. Earnings Review Verizon Communications Inc. (NYSE:VZ) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $1.

Coming to the quarter ending on 2015-12-31, Verizon Communications Inc. (NYSE:VZ) recorded EPS of $0.94. The reported numbers came lower than the analysts’ estimates of $0.93, demonstrating a miss of $0.01 as against reported figures.

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