Verizon Communications Declares Quarterly Dividend

Verizon Communications Declares Quarterly Dividend

NEW YORK, Dec. 2 /PRNewswire/ -- The Board of Directors of Verizon Communications Inc. (NYSE:VZ) has declared a quarterly dividend of $.385 per outstanding share, unchanged from the previous quarter. The dividend is payable on Feb. 1, 2005, to Verizon Communications shareowners of record at the close of business Jan. 10, 2005.

Verizon Communications has approximately 2.7 million shareowners and approximately 2.8 billion shares of common stock outstanding. The company has made $3.2 billion in dividend payments through the first nine months of 2004.

Verizon Communications Inc. (NYSE:VZ) is one of the world's leading providers of communications services. With a diverse work force of approximately 208,000, Verizon has four business units: Domestic Telecom serves customers based in 29 states with wireline telecommunications services, including broadband, nationwide long-distance and other services. Verizon Wireless owns and operates the nation's most reliable wireless network, serving 42.1 million voice and data customers across the United States. Information Services operates directory publishing businesses and provides electronic commerce services. International includes wireline and wireless operations and investments, primarily in the Americas and Europe. 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

CONTACT: Bob Varettoni of Verizon Communications Inc., +1-212-395-7726,
robert.a.varettoni@verizon.com

Web site: http://www.verizon.com/

Company News On-Call: http://www.prnewswire.com/comp/618232.html


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