Verizon Wireless (VZ, VOD) declares a $10B special distribution. Verizon shareholders - a 55%...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon Wireless (VZ, VOD) declares a $10B special distribution. Verizon shareholders - a 55% owner in the joint partnership - will receive $5.5B to be paid on January 31, 2012. Vodafone will receive $4.5B, and has declared a £2B special dividend payable to its shareholders as well. VZ +0.8%, VOD +5% AH.