Verizon to pay out quarterly dividend
By Will Park on Thursday, March 5th, 2009 at 7:34 PM PST In Announcements, Financial/Corporate News, Verizon
Looks like Verizon (NYSE: VZ) Wireless is doing quite well for themselves. So well, in fact, that Verizon’s Q4 2008 accounting books showed a 15% growth in quarterly earnings. Verizon netted themselves a cool $1.24 billion in the previous quarter, bucking the trend of fiscal losses in this gloomy economy. All that success is being passed down to Verizon’s shareholders (as of April 9) with Verizon Wireless’s declaration that quarterly dividends will be paid out on May 1.
Verizon Wireless will pay out $0.46 for each of its 2.8 billion shares of common stock held by some 2.4 million shareholders.
