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Verizon Communications Inc. $VZ Shares Acquired by Vanguard Group Inc.
Vanguard Group Inc. increased its stake in Verizon Communications Inc. ($VZ) by 1.5% in the fourth quarter, now owning approximately 9% of the company, valued at $15.45 billion. Verizon reported strong Q4 results, exceeding revenue and EPS expectations, and increased its quarterly dividend to $0.7075 per share, representing a 6.1% yield. The company also announced key strategic moves including 5G network expansion for first responders and FIFA World Cup venues, a legal win against T-Mobile, and upcoming Q1 earnings.