Verizon (VZ) CEO Lowell McAdam states Verizon Wireless won't be paying an annual dividend to its...

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

Verizon (VZ) CEO Lowell McAdam states Verizon Wireless won't be paying an annual dividend to its parent companies, ostensibly because the carrier may need the money to acquire rivals or obtain spectrum. In July, Verizon Wireless declared a one-time dividend of $10B, $4.5B of which went to frustrated minority investor Vodafone (VOD).