Verizon runs one of the largest wireless and fiber networks in the United States, selling mobile and home internet service to consumers, businesses and government agencies. Its consumer arm sells phone plans along with Fios and Frontier fiber internet and 5G home internet, which beams broadband to homes over its cellular network. Verizon Business sells mobile, networking and security services to companies of every size, including nearly all of the Fortune 500. Most revenue comes from monthly service plans, with more from device sales and installment payments. Verizon was incorporated in 1983 as Bell Atlantic, took the Verizon name in 2000, and is headquartered in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
Bernards Township, New Jersey
Founded
1983
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Verizon looks the better high-yield dividend stock than General Mills, despite a lower yield, according to a TIKR analysis. Verizon yields 6.8% against 7.7% at General Mills, but its dividend is still growing. Verizon's dividend took 54% of its $21.53 billion free cash flow over the twelve months to June 30, 2026. Management guides for free cash flow growth of 9% to 10% this year. The stock fell 8.7% on October 9 after SpaceX agreed to buy low-band spectrum for its Starlink phone service. General Mills' dividend took 85% of free cash flow. It plans to hold the payout flat while it cuts debt, and guides for fiscal 2027 adjusted earnings per share of $3.00 to $3.20, down from $4.52 in fiscal 2024. A $10,000 investment pays $770 a year from General Mills and $680 from Verizon.
Enterprise Products Partners is a better high-yield dividend stock than Verizon, according to a TIKR analysis comparing the two. Verizon yields 6.8% at its current rate, against 6.2% for Enterprise. Enterprise's payout grew 4% a year from 2020 to 2025, more than twice Verizon's 1.9%. Its distributable cash flow covered the payout 1.69x in 2025, with 1.91x expected in 2026. It is on track for a 28th straight year of distribution growth, and carries slightly less debt: 3.2x net debt to EBITDA against 3.35x for Verizon. Verizon's dividend looks safe, using 54% of free cash flow. It expects that cash flow to grow 9% to 10% this year, but faces new competition after SpaceX agreed to buy low-band spectrum for Starlink phone service. At their five-year growth rates, Enterprise's income would pass Verizon's around 2030.
Verizon Communications received a $1.5 billion investment from Bain Capital and Tillman Global Holdings to speed up its fiber broadband expansion. The money supports Verizon's integration of Ripple Fiber assets, which add customers and network infrastructure in the Carolinas. It also helps Eaton Fiber reach more than one million additional locations. Verizon targets 32 million fiber passings by 2026 and 40 million to 50 million in the medium term. Investors will watch how quickly it turns new passings into paying broadband customers. Verizon has a market capitalisation of $177.7 billion.
Nearly a third of first responders now use AI every day, Verizon survey finds. Artificial intelligence isn't just showing up in phones and chatbots. It's quickly becoming part of the daily routine for police officers, firefighters, and paramedics, according to Verizon's latest survey of public safety professionals. Verizon released the results of its sixth annual Verizon Frontline Public Safety Communications Survey, conducted by Lexipol Media Group. Nearly 32% of public safety personnel now use AI on the job every day, almost triple the share from 2025. Looking ahead, 56% of agencies expect to be using AI daily within three years, with most viewing it as a tool to support decisions rather than replace them. AI isn't the only technology taking off. Daily use of drones and robots climbed to 26%, up from 15% the year before, as agencies rely on them to move through hazardous environments and get real-time views of what's happening on the ground. Verizon also says AI-powered analytics and connected vehicles are becoming essential as agencies shift from reacting to emergencies toward predicting them. Even with all that new technology, the network underneath it is what matters most. More than 77% of respondents named resilience and reliability as their primary operational requirement, ranking it above speed or raw bandwidth. Kim Mirabella, vice president of Verizon Public Sector and Verizon Frontline, said the findings show that technologies like AI and robotics are already essential daily tools for first responders. Rob Lloyd, executive director of the Center for Digital Government and the Center for Public Sector AI, said agencies judge new tools by whether they improve situational awareness and response speed while keeping first responders safer. Verizon has been building out features for this audience, including when it introduced the Frontline network slice for emergency services. The survey also helps explain why carriers compete so hard for public safety customers. Verizon Frontline and AT&T's FirstNet both promise priority access and dependable coverage, and as agencies lean more on AI, drones, and live video, the network becomes harder to replace. For the rest of Wirefly, the takeaway is that the reliability first responders demand today tends to shape the networks everyone uses tomorrow.
Verizon shares fell after SpaceX bought more wireless spectrum to take its Starlink satellite service directly to phones. AT&T and T-Mobile also dropped, which suggests an industry-wide fear rather than a Verizon-specific problem. Verizon's second-quarter results remain solid. Adjusted EBITDA hit a record $13.7 billion, with a 40.1% margin. It added 184,000 postpaid phone customers, and free cash flow rose 24.4% to $6.4 billion. Revenue slipped 0.7% to $34.3 billion on weaker equipment sales. For a second straight quarter, management raised its full-year outlook. It now expects adjusted EPS of $4.99 to $5.04 and buybacks of up to $4.5 billion. The stock trades at 8.29 times forward earnings, against a sector average of 12.35. Net unsecured debt stood at $128.7 billion. Third-quarter results, due later this month, will show whether satellite competition is starting to bite.