Verizon to pay $8.5 billion dividend to its owners

Verizon Wireless to pay $8.5B dividend to owners Verizon Communications and Vodafone

Associated Press

BASKING RIDGE, N.J. (AP) -- Verizon Wireless says it will pay a dividend of $8.5 billion next month to its owners, Verizon Communications and Vodafone Group.

Vodafone, a British mobile phone company with wide international interests, owns 45 percent of Verizon Wireless. Verizon Communications owns the other 55 percent.

Verizon Wireless paid a dividend of $10 billion to its owners last January.

Shares in Verizon Communications fell 8 cents to close at $42.56 and Vodafone Group shares lost 17 cents to close at $26.39 in Monday trading.

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