March 24, 1998
|Media contacts:|| Jim Crosson|
NEW YORK -- The board of directors of Bell Atlantic Corp. (NYSE:BEL) today declared a quarterly dividend of $.77 per outstanding common share. The dividend, unchanged from the previous quarter, is 4 percent higher than the dividend in the same quarter a year ago.
The dividend will be payable May 1, 1998, to shareowners of record at close of business on April 10, 1998.
Bell Atlantic increased its dividend twice last year. The first increase, from $.72 per share to $.74 per share, was declared in March 1997. The second, from $.74 per share to $.77 per share, was declared in the third quarter of 1997 following the merger of Bell Atlantic and NYNEX.
Bell Atlantic has approximately 1.2 million registered shareowners and approximately 776.7 million shares of common stock outstanding.
Bell Atlantic is at the forefront of the new communications and information industry. With 40.5 million telephone access lines and six million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information.Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 21 countries.