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Verizon Communications (VZ)
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VZ » Topics » Company Performance

This excerpt taken from the VZ DEF 14A filed Mar 23, 2009.

Company Performance

Under the leadership of this management team, Verizon reported strong financial and operating results in 2008. Highlights of the Company’s 2008 performance include the following:

 

  · $2.54 in adjusted earnings per share;
  · $6.4 billion in net income;
  · $97.4 billion in consolidated total revenue;
  · 5.8 million wireless net retail customer additions (non-acquisition related) – industry-leading results; and
  · 2.5 million in FiOS broadband customers and 1.9 million in FiOS video customers at year-end.

 

Also, during 2008:

 

  · Verizon increased its stock dividend by 7%; and
 

·

Verizon’s total return for 2008 ranked 108th among the companies in the Standard & Poor’s 500 Index, 2nd among the Industry Peers and 10th among the Related Dow Peers.

 

For the three-year period ending on December 31, 2008, Verizon’s stock delivered a total return of positive 35%, which compared to a total return of negative 23% for the Standard and Poor’s 500 Index, negative 21% median total return for the Industry Peers and negative 12% median total return for the Related Dow Peers over the same three-year period. The Industry Peers are described on page 36 and the Related Dow Peers are described on pages 30-31.

 

"Company Performance" elsewhere:

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