Verizon to pay dividends in 2012

first_img whatsapp Verizon to pay dividends in 2012 KCS-content Thursday 23 September 2010 8:37 pm whatsapp Share US communications firm Verizon hinted it may resume dividend payments at its joint venture with Vodafone in 2012. The company, which holds a 55 per cent controlling stake in Verizon Wireless, stopped paying dividends in a move widely seen as an attempt to squeeze Vodafone out. Verizon chief executive Ivan Seidenberg said it would probably resume dividends once it had paid off its remaining debt. It has $15bn (£9.6bn) net debt but generates $1bn in cash a month. Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img