Verizon Communications Inc. (VZ) Announces Quarterly Dividend

​Verizon Communications Inc. (NYSE:VZ) is one of the Cheap NYSE Stocks to Buy Now. On December 4, Verizon Communications Inc. (NYSE:VZ) announced a quarterly dividend of 69 cents per outstanding share. This dividend is consistent with the one declared last quarter. The report noted that this dividend will be payable on February 2, 2026, to shareholders of record at the close of business on January 12, 2026.

​In other news, CNBC Television on November 20 noted that Verizon Communications Inc.’s (NYSE:VZ) CEO Dan Schulman sent a letter to the company’s employees announcing the layoffs of more than 13,000 employees. This follows the earlier report by Reuters on November 13, which revealed that the company planned to reduce its workforce by 15,000 employees.

​Schulman noted the layoff reflects the management’s efforts to reduce the company’s outsourced and other outside expenses. The CEO also noted setting aside $20 million as a rescaling and career repositioning fund for the laid-off employees.

​Verizon Communications Inc. (NYSE:VZ) has been facing increased competition with its peers offering cheaper plans, and the stock has only been marginally up by 3.68% year-to-date. Analysts’ 12-month average price target of $46 reflects 10.34% upside from the current level.

​​​Verizon Communications Inc. (NYSE:VZ) is a holding company that offers communications and technology services through its subsidiaries.

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Disclosure: None. This article is originally published at Insider Monkey.