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VerizonCommunication (VZC)

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Thursday 03 September, 2015

VerizonCommunication

Dividend Declaration


 

Verizon Communications raises quarterly dividend 2.7 percent to 56.5 cents per share

NEW YORK, Sept. 3, 2015 -- The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 56.5 cents per outstanding share, an increase of 1.5 cents per share, or 2.7 percent, from the previous quarter. On an annual basis, this increases Verizon's dividend by 6 cents per share, from $2.20 to $2.26 per share.

The quarterly dividend is payable on Nov. 2, 2015, to Verizon Communications shareowners of record at the close of business on Oct. 9, 2015.

This is the ninth consecutive year Verizon's Board of Directors has approved a quarterly dividend increase.

Verizon has approximately 4.1 billion shares of common stock outstanding. The company made $4.3 billion in cash dividend payments in the first half of 2015.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, employs a diverse workforce of 178,500 and generated more than $127 billion in 2014 revenues. Verizon Wireless operates America's most reliable wireless network, with 109.5 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide. For more information, visit www.verizon.com/news/.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts and other information are available at Verizon's online News Center at www.verizon.com/news/. The news releases are available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.


CONTACT: Bob Varettoni, 908.559.6388,[email protected]


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