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 Feb. 1, 2005, to Verizon Communications shareowners of record at the close of business Jan. 10, 2005.

Verizon Communications has approximately 2.7 million shareowners and approximately 2.8 billion shares of common stock outstanding. The company has made $3.2 billion in dividend payments through the first nine months of 2004.