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Verizon awarding nearly all employees restricted stock

Published 01/23/2018, 12:31 PM
© Reuters.  Verizon awarding nearly all employees restricted stock
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  • Verizon (NYSE:VZ), still basking in the glow of corporate tax reform, will give its employees 50 shares of restricted stock.
  • That goes to those other than top management. The prices of the restricted shares will be set Feb. 1; shares are currently at $53.24 on the open market.
  • Shares that opened strong today after a tax reform-fueled revenue beat are down 0.4% currently.
  • In its earnings report, Verizon noted a one-time gain of $16.8B from tax reform and said it expected $3.5B-$4B more to operating cash flow this year, while saying that employees would "further share" in company success.
  • Now read: Verizon Communications 2017 Q4 - Results - Earnings Call Slides


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