Verizon Communications Declares Quarterly Dividend

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March 5, 2010
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Verizon Communications Declares Quarterly Dividend

NEW YORK, March 5 -- 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 May 3, 2010, to Verizon Communications shareowners of record at the close of business on April 9, 2010.

Verizon has approximately 2.5 million shareowners and approximately 2.8 billion shares of common stock outstanding.  The company made $5.3 billion in dividend payments in 2009.

Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving more than 91 million customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world.  A Dow 30 company, Verizon employs a diverse workforce of approximately 222,900 and last year generated consolidated revenues of more than $107 billion.  For more information, visit http://www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news.  To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Source: Verizon Communications
   

CONTACT:  Media, Bob Varettoni, +1-908-559-6388,
robert.a.varettoni@verizon.com

Web Site:  http://www.verizon.com/

Company News On-Call:  http://www.prnewswire.com/comp/094251.html

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