5th Dec 2008 17:07
NEWS RELEASE
FOR IMMEDIATE RELEASE
December 4, 2008
Media contact:
Bob Varettoni
908-559-6388
robert.a.varettoni@verizon.com
Verizon Communications Declares Quarterly Dividend
NEW YORK -- The Board of Directors of Verizon Communications Inc. (NYSE:VZ) today declared a quarterly dividend of 46 cents per outstanding share, unchanged from the previous quarter. The dividend is payable on February 2, 2009, to Verizon Communications shareowners of record at the close of business on January 9, 2009.
In September 2008, Verizon's Board had increased the dividend 7 percent to its current level, beginning with dividends paid last month. Through the first three quarters of 2008, the company paid dividends totaling nearly $3.7 billion. Verizon has approximately 2.4 million shareowners and approximately 2.8 billion shares of common stock outstanding.
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 71 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit www.verizon.com.
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