Wednesday, September 5, 2007

Verizon Raises Quarterly Dividend 6.2%

The Board of Directors of Verizon Communications declared a quarterly dividend of 43 cents per outstanding share, an increase of 2.5 cents, or 6.2 percent, from the previous quarter. On an annual basis, this increases Verizon's dividend 10 cents per share, from $1.62 to $1.72 per share.

"This increase reflects the confidence we have in our business with its focus on creating value for shareholders," said Ivan Seidenberg, Verizon chairman and chief executive officer. "We are continuing to build momentum based on our strong balance sheet and cash flows as we generate sustainable top-line and earnings growth from continuing operations."


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