Seeking Alpha

Verizon (VZ -1.7%) says it won't be discussing a dividend payment for Vodafone (VOD -0.5%) when...

Verizon (VZ -1.7%) says it won't be discussing a dividend payment for Vodafone (VOD -0.5%) when its board meets next week - a decision is required by year's end. Vodafone received a $4.5B special dividend last year related to its 45% stake in Verizon Wireless. The remarks come as Verizon Wireless wins accolades for its strong Q2 performance. The carrier's postpaid ARPU of $56.13 (+3.7% Y/Y) beat a consensus of $55.82, and postpaid net adds of 888K beat a consensus of 724K.
Comments (1)
  • VZ needs to start paying its fair share to VOD. Maybe VOD should consider selling its 45% stake in VZ Wireless to China Unicom? (Just kidding...but can you imagine the fallout!)
    19 Jul 2012, 07:16 PM Reply Like
DJIA (DIA) S&P 500 (SPY)