Dividend Declaration

Verizon Communications Declares Quarterly Dividend NEW YORK, Dec. 4, 2014 -- The Board of Directors of VerizonCommunications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of55 cents per outstanding share, unchanged from the previous quarter. Thedividend is payable on Feb. 2, 2015, to Verizon Communications shareowners ofrecord at the close of business on Jan. 9, 2015. Verizon has approximately 4.2 billion shares of common stock outstanding. Thecompany made $5.7 billion in cash dividend payments in the first three quartersof 2014. Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is aglobal leader in delivering broadband and other wireless and wirelinecommunications services to consumer, business, government and wholesalecustomers. Verizon Wireless operates America's most reliable wireless network,with more than 106 million retail connections nationwide. Verizon also providesconverged communications, information and entertainment services over America'smost advanced fiber-optic network, and delivers integrated business solutionsto customers in more than 150 countries. A Dow 30 company with more than $120billion in 2013 revenues, Verizon employs a diverse workforce of 178,500. Formore information, visit www.verizon.com/news/. VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches andbiographies, media contacts and other information are available at Verizon'sonline News Center at www.verizon.com/news/. The news releases are availablethrough an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/. SOURCE Verizon Communications Inc.

CONTACT: Bob Varettoni, 908-559-6388, [email protected]