Verizon leaves quarterly dividend unchanged

AP News
Posted: Dec 04, 2009 5:31 PM

Verizon Communications Inc. said Friday that it will pay a quarterly dividend of 47.5 cents per share, unchanged from the previous quarter, on Feb. 1 to shareholders of record on Jan. 8.

Verizon has about 2.5 million shareholders with 2.8 billion shares of common stock outstanding.

In September, the company's board approved a quarterly dividend increase of 3.3 percent, marking the third year in a row the dividend was increased.