Verizon Communications Inc. (NYSE: VZ) announced its normal $0.53 per share common stock dividend after the close on Friday. Its headline focused on the dividend, which may have led many investors to overlook the news. The real news is that Verizon is boosting its stock buyback plan. Verizon Communications Inc. (NYSE:VZ) stock opened at $46.79 in last session, and closed at $47.03, while the day range of VZ stock is $46.50-$47.06. The stock showed a positive weekly performance of 10.07%.
AT&T Inc. (NYSE:T) has lowered the prices of its Mobile Share Value Plans this last weekend, hoping to keep its customers from running into the arms of T-Mobile. AT&T also revealed a new 2GB Mobile Share Value plan, which runs $65 a month and includes unlimited talk and text, as well as unlimited international messaging. Customers will be able to purchase a device through AT&T or bring their own to the table. AT&T Inc. (NYSE:T) stock opened at $32.28, in last session and closed at $32.51, by loosed -0.09%. The 52 week range was $31.74-$39.00. Company’s market capitalization is $169.27 billion.
Frontier Communications Corp (NASDAQ:FTR) declared Friday that it is opting to terminate the waiting period for the acquisition of AT&T Inc. (NYSE:T)‘s Inc (T) Wireline business early, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. With this, the communication’s company inches ahead towards the closure of the acquisition, which is subject to the approvals from the Federal Communications Commission and the Connecticut Public Utilities Regulatory Authority. Under the pact, Frontier Communications Corp (NASDAQ:FTR) will gain 900,000 voice connections and 415,000 broadband connections in Connecticut. This will not only enable Frontier with only financial synergies, but will also keep the competitors like Telephone & Data Systems Inc. at Bay. Moreover, the company will also get AT&T Inc. (NYSE:T)’s Connecticut 2,700 employees as per the agreed terms. Frontier Communications Corp (NASDAQ:FTR) stock loosed -1.83% and finished the last session at $4.82. The EPS of the stock remained 0.11. Company’s market capitalization is $4.2 billion.
Windstream Holdings Inc. (NASDAQ:WIN) is not seeing much of an impact from this filing, but an automatic shelf registration filed with the Securities & Exchange Commission shows that some 4,320,000 shares of common stock have been registered for a selling stockholder. The filing indicates that the current price will generate close to $35 million in proceeds. Windstream Holdings, Inc. (NASDAQ:WIN) stock opened the session at $8.14, and closed the session at $8.04. The 52 week range of the WIN stock remained $7.18-$8.96 and the day range was $8.00-$8.17.