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Verizon Wireless to pay its corporate parents a $7 billion dividend

0. phoneArena posted on 13 May 2013, 21:49

You might remember your grandpa or dad receiving dividends from stock holdings that they had, but we're pretty sure that they never received a payout like the one Verizon Wireless announced on Monday; next month, the wireless carrier's two corporate parents, Verizon Communications and Vodafone Group PLC, will share a $7 billion dividend payment from Big Red...

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posted on 14 May 2013, 02:56 1

1. sipha (Posts: 439; Member since: 12 May 2012)

very bad maths at phonearena: if vodafone market value is $145 billion, and that consist of its 45% stake in verizon which is worth $130 billion & would equal to $58 billion stake. That means vodafone is worth around $87 billion with Verizon!!

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