Market Overview

Verizon Wireless Will Pay $8.5B to Verizon, Vodafone by Year End

Related VZ
Will 2015 Be A Better Year For Telecom Stocks?
Jim Cramer Shares His Thoughts On BT Group And DISH Network
Stocks Fall as China, Greece Reignite Global Jitters (Fox Business)

Verizon Wireless today announced that its Board of Representatives has declared distributions aggregating $8.5 billion to its owners, which are payable on or prior to December 31, 2012. The distributions will be paid in one or more tranches, with each tranche paid in proportion to the owners' partnership interests on the payment date.

Verizon Wireless is a joint venture between Verizon Communications Inc., which owns 55 percent of the partnership, and Vodafone Group Plc, which owns 45 percent of the partnership.

Posted-In: News Dividends

 

Related Articles (VZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters