VZC Verizon Comms

    RNS Number : 6703J
  Verizon Communications
  05 December 2008
   

    
    NEWS RELEASE




    FOR IMMEDIATE RELEASE            
    December 4, 2008 

    Media contact:                    
    Bob Varettoni
    908-559-6388 
     robert.a.varettoni@verizon.com                                                    


    Verizon Communications Declares Quarterly Dividend

    NEW YORK -- The Board of Directors of Verizon Communications Inc. (NYSE:VZ) today declared a quarterly dividend of 46 cents per
outstanding share, unchanged from the previous quarter. The dividend is payable on February 2, 2009, to Verizon Communications shareowners
of record at the close of business on January 9, 2009.
    In September 2008, Verizon's Board had increased the dividend 7 percent to its current level, beginning with dividends paid last month.
Through the first three quarters of 2008, the company paid dividends totaling nearly $3.7 billion.  Verizon has approximately 2.4 million
shareowners and approximately 2.8 billion shares of common stock outstanding.



    Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless
communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable
wireless network, serving nearly 71 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers
innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of
converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company,
Verizon employs a diverse workforce of more than 228,000 and last year generated consolidated operating revenues of $93.5 billion. For more
information, visit www.verizon.com. 

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