Bell Atlantic Declares $.77 Quarterly Dividend
March 24, 1998
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
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.