Dividend Declaration

6/4/15: Verizon Declares Quarterly Dividend NEW YORK, June 4, 2015 -- The Board of Directors of Verizon Communications Inc.(NYSE, Nasdaq: VZ) today declared a quarterly dividend of 55 cents peroutstanding share, unchanged from the previous quarter. The dividend is payableon Aug. 3, 2015, to Verizon Communications shareowners of record at the closeof business on July 10, 2015. Verizon has approximately 4.1 billion shares of common stock outstanding. Thecompany made $7.8 billion in cash dividend payments in 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 108.6 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 worldwide. A Dow 30 company with more than $127 billion in 2014revenues, Verizon employs a diverse workforce of 176,200. For more 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/.

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