Sunday, June 5, 2011

Verizon Communications Inc Board Declares Quarterly Dividends ...

Home ? Business News, Featured ? Verizon Communications Inc Board Declares Quarterly Dividends ? NYSE:VZ

Verizon Communications Inc NYSE:VZ yesterday announced that company?s Board of Directors declared a quarterly dividend of 48.75 cents per outstanding share, unchanged from the previous quarter. The dividend is expected to be paid on August 1, 2011, to Verizon Communications shareowners of record at the close of business on July 8, 2011.

Company has approximately 2.7 million shareowners and approximately 2.8 billion shares of common stock outstanding. For the year of 2010 company made $5.4 billion in dividend payments.

VA is basically a Telecom Services ? Domestic industry company and holds a portfolio of about 196,200 employees. Company?s stock price is moving negatively as for the most recent quarter Verizon Communications Inc?s share price reduction is -0.20% with its relative strength index of 55. However on semiannual basis its last six consecutive months? growth recorded +12.10% with relative strength index of 77.

The sales of company increased by 8.92% for the last five consistent years and resulted $106.64 billion for last consecutive twelve months. The company?s growth of its sales in recent quarter vs. year ago quarter recorded 0.30% which is below the Industry benchmark of 4.80% and below from Standard and Poor?s benchmark of 12.10%.

The stock price of company on June 02, 2011 decreased 0.28% and settled to the closing price of $36.17. The overall volume in the last trading session was 12.70 million shares. Its fifty two week range was $25.99-$38.95. The total market capitalization remained $101.28 billion.

VZ current stock price is moving above its 52 week low by 44.91% and moving below from 52 week high price by 5.94%. VZ last month stock price volatility remained 1.16%. In its share capital VZ has 2.83 billion outstanding shares while company?s float is the same 2.83 billion shares. Ownership of company is 53.64% institutional while Company?s beta coefficient is 0.67.

Verizon Communications Inc NYSE:VZ, headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America?s most reliable wireless network, with more than 104 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America?s most advanced fiber-optic network, and delivers seamless business solutions to customers around the world.

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Source: http://www.usamarketnews.com/major-business-news/3271/verizon-communications-inc-board-declares-quarterly-dividends-nysevz.html

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