Verizon to pay $8.5 billion dividend to its owners

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Associated Press

Posted on November 12, 2012 at 3:00 PM

Updated Monday, Nov 12 at 3:02 PM

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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