Verizon Communications Declares Quarterly Dividend

The Board of Directors of Verizon Communications Inc. (NYSE:VZ) today declared a quarterly dividend of 47.5 cents per outstanding share, unchanged from the previous quarter.  The dividend is payable on Feb. 1, 2010, to Verizon Communications shareowners of record at the close of business on Jan. 8, 2010.

Verizon has approximately 2.5 million shareowners and approximately 2.8 billion shares of common stock outstanding.  The company made $3.9 billion in dividend payments through the first nine months of 2009.  In September, Verizon's Board approved a quarterly dividend increase of 3.3 percent.  This was paid in November and marked the third consecutive year of a Verizon quarterly dividend increase.