Verizon Communications 8-K

Summary

Capital return plan and 2026 share repurchases. Verizon said changes to its cost structure and market strategy are expected to fund business investment, reduce its net unsecured debt-to-Adjusted EBITDA ratio and support ≈$55B of dividends and share repurchases through 2028. The board raised the annualized dividend by $0.07 per share, or 2.5%, and authorized a share repurchase program of up to $25B.

Key Figures

• Quarterly dividend: $0.71 per share, payable 5/1/2026 to holders of record 4/10/2026; annualized increase of $0.07 per share, or 2.5%.
• Share repurchase authorization: up to $25B; Verizon expects to repurchase at least $3B in 2026. The changes to cost structure and market strategy are intended to provide funding for these returns while supporting investment and debt reduction.

Guidance

No guidance in this filing.

Investor Takeaways

• Watch whether 2026 repurchases reach at least $3B and whether dividends and repurchases progress toward the ≈$55B capital-return capacity through 2028.