MAAT INDEX

CLAIM #62303 · VZ (VZ) · 2023Q4 earnings call · Jan 23, 2024 · due Dec 31, 2024

That will enable our Board to continue to raise our dividend and also enable us to bring down leverage.

Hans Vestberg · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
That will enable our Board to continue to raise our dividend and also enable us to bring down leverage.
Reported
we've raised dividend for the 18th consecutive year.

In context

debt reduction in the year ahead. This is what our whole team is working towards and what you, our shareholders, and our Board want us to focus on. Tony will have more details for you, but we anticipate strong wireless service revenue growth of 2% to 3.5% in 2024, which reflects our ability to sustain the top-line of our business as we continue to pursue the right balance of profitability and customer growth. Our adjusted EBITDA profile will continue to improve as we become even more efficient with growth, cost saving measures and our disciplined promotional spending. Our capital allocation priorities remain consistent. And as we lower our capital intensity from the C-Band build out and our new business structure, we expect to see continued strong free cash flow generation going forward. That will enable our Board to continue to raise our dividend and also enable us to bring down leverage. Now, Tony will discuss the quarter as well as our operations and guidance in more detail. Tony Skiadas: Thanks, Hans, and good morning. Executing on our plan, we finished the year strong and delivered on our financial guidance. We exited the year with good momentum and remain committed to our three priorities of growing wireless service revenue, adjusted EBITDA and free cash flow. In 2023, we set out to improve our operational performance while sustaining financial discipline. Our fourth quarter and full year results confirm that our strategy is working and that we can deliver strong financials and improve key operating metrics. Consumer postpaid phone net adds totaled 318,000 for the quarter, a substantial improvement of 369,000 sequentially and 277,000 compared to the prior year. Our Co

Verify independently

SEC filings for VZ · Claim quote is verbatim from the 2023Q4 earnings call.