A journal for networking and telecoms
The Board of Directors of Verizon Communications declared a quarterly dividend of 47.5 cents per outstanding share, unchanged from the previous quarter. The dividend is payable on May 3, 2010, to Verizon Communications shareowners of record at the close of business on April 9, 2010.
Verizon has approximately 2.5 million shareowners and approximately 2.8 billion shares of common stock outstanding. The company made $5.3 billion in dividend payments in 2009.
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From the Graveyard
You just read about Verizon. One of the companies whose work it now carries:
XO Communications built Competitive local, metro fiber and enterprise network operator. What became of it?
XO Communications brought Competitive local, metro fiber and enterprise network operator to Telecom. That work was distinctive enough to lead to its acquisition by Verizon for US$1.8B. The standalone name now passes into the archive — but the team and technology continue inside Verizon today. One of 430 names here whose work outlived the company.
From 25 years of the Converge Digest archive.
