Verizon Communications announced updated 2026 financial expectations and a major capital return plan following its earnings call on January 30, 2026. The company said changes to its cost structure and market strategy are expected to support long-term investment, continued deleveraging, and up to approximately $55 billion in shareholder returns through the end of 2028 via dividends and share repurchases.

Verizon’s board declared a quarterly dividend of $0.7075 per share, payable on May 1, 2026, representing a 2.5% annualized increase. In addition, the board authorized a new share repurchase program of up to $25 billion, with the company expecting to buy back at least $3 billion of common stock in 2026. The repurchase program may be executed through open-market or private transactions and can be suspended or discontinued at any time.