Verizon Is Now The Best Way To Get Exposure To Verizon Wireless

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About: Verizon Communications Inc. (VZ), Includes: S, T, VOD
by: Saibus Research
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Saibus Research
Long/short equity, Deep Value, value, special situations

We published our report analyzing and evaluating Verizon Communication's (NYSE:VZ) ability to pay its lofty 4.7% dividend yield in September. We were pleased that our report was recognized for the high level of quality analysis and research that went into it. We remembered that report because Verizon's key business unit Verizon Wireless recently announced that it was paying a special $8.5B dividend to its joint venture partners Verizon Communications and Vodafone PLC (NASDAQ:VOD). Verizon Communications owns 55% of Verizon Wireless and consolidates Verizon Wireless's financials into its total corporate financial reports. Because Vodafone owns 45% economic interest in Verizon Wireless, Verizon Communications accounts for Vodafone's share of Verizon Wireless's profits with an income statement entry for