Verizon Declares Quarterly Dividend and Signs Optical Fiber Deal With Corning
Verizon declared a quarterly dividend of $0.7075 per share, unchanged from the prior quarter, and noted a 20-year streak of annual dividend increases with a payout ratio of 58.6%. The company also signed an optical fiber deal with Corning to expand broadband and support AI growth, with CEO Dan Schulman saying Starlink has shown no discernible impact on broadband growth.