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.