Verizon Communications Declares Quarterly Dividend

NEW YORK - The Board of Directors of Verizon Communications Inc. (NYSE:VZ) today declared a quarterly dividend of 46 cents per outstanding share, unchanged from the previous quarter.  The dividend is payable on Aug. 3, to Verizon Communications shareowners of record at the close of business on July 10.

In 2008, the company paid dividends totaling $5.0 billion.  Verizon has approximately 2.4 million shareowners and approximately 2.8 billion shares of common stock outstanding.