Verizon Expands 100 Million Share Buyback Plan (VZ)

Investing

Published: February 7, 2008 12:08 pm

Last Updated: March 26, 2020 8:18 pm

Verizon Communications Inc. (NYSE: VZ) has announced that its Board of Directors has approved the buyback and repurchase up to 100 million shares of its common stock. This replaces the previous 100 million share buyback plan, of which there were some 30 million shares. The prior plan was due to expire on Feb. 28, 2010, and this new extended buyback plan is set to expire on Feb. 28, 2011.

Verizon noted that it has roughly 2.9 Billion shares outstanding. At today’s share prices, this represents roughly $3.6 Billion for share buybacks.

Verizon’s CEO Ivan Seidenberg was listed as our CEO of the year;
As a Dogs of the Dow we gave our targets for each component.

Jon C. Ogg
February 7, 2008

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps