03.10.2003Financial

Verizon Communications Declares Quarterly Dividend

NEW YORK -- The Board of Directors of Verizon Communications Inc. (NYSE:VZ) has declared a quarterly dividend of $.385 per outstanding share, unchanged from the previous quarter.

The dividend is payable on May 1 to Verizon Communications shareowners of record at the close of business April 10. Verizon Communications has approximately 2.8 million shareowners and approximately 2.7 billion shares of common stock outstanding.

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