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Verizon Communications Declares Quarterly Dividend

News Release

NEW YORK – June 7, 2012 –

The Board of Directors of Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 50 cents per outstanding share, unchanged from the previous quarter.  The dividend is payable on Aug. 1, 2012, to Verizon Communications shareowners of record at the close of business on July 10, 2012.

Verizon has approximately 2.7 million shareowners and approximately 2.8 billion shares of common stock outstanding.  The company made $5.6 billion in dividend payments in 2011.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with 93 million retail customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 192,000.  For more information, visit www.verizon.com.

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Media Contact:

Bob Varettoni, 908-559-6388

Verizon

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