While Vodafone (VOD +4.6%) is seen as the big winner in Verizon Wireless' decision to pay a $10B...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

While Vodafone (VOD +4.6%) is seen as the big winner in Verizon Wireless' decision to pay a $10B dividend, Verizon (VZ -1%) proper will benefit as well. With Verizon's wireline division generating little cash as its local phone business steadily declines, it needs its share of the payoff to keep paying its quarterly dividend to shareholders.