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PHILADELPHIA -- The board of directors of Bell Atlantic Corp. (NYSE: BEL) today declared a quarterly dividend of $.72 per share on the company's outstanding common shares.
The amount of the payment is the same as in the previous quarter and 2.9 percent higher than in the same quarter a year ago. Since the company was formed in 1984, Bell Atlantic has paid 52 consecutive quarterly dividends, with 12 consecutive annual increases.
The dividend is payable on February 3, 1997, to shareowners of record on January 10, 1997. Bell Atlantic has approximately 900,000 registered shareowners and approximately 438 million shares of common stock outstanding.
Bell Atlantic Corporation (NYSE: BEL) is at the forefront of the new communications, entertainment and information industry. In the mid-Atlantic region, the company is the premier provider of local telecommunications and advanced services. Globally, it is one of the largest investors in the high-growth wireless communication marketplace. Bell Atlantic also owns a substantial interest in Telecom Corporation of New Zealand and is actively developing high-growth national and international business opportunities in all phases of the industry.