Verizon Communications

Ticker Symbol: VZ Exchange: NYSE

Company Profile

Verizon is a global leader in providing communications, information and entertainment products and services. It operates the number one wireless provider, Verizon Wireless, with more than 100 million U.S. subscribers to its 3G and 4G wireless voice and data services. In addition, the company offers its FiOS video, voice and data fiber-to-the-home product to almost 18 million homes nationwide. Given the company's participation in the slower growth telecommunications industry, the company's profit growth rate is typically slower that the average company; however, it generates significant free cash flow and offers one of the more attractive dividends of any large cap company in the S&P 500.

Key Products & Services:
3G and 4G wireless via Verizon Wireless; FiOS video, voice and data; enterprise services to large corporations

Target Investor:
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Key Statistics 2005 2006 2007 2008 2009 2010
Revenue ($ millions) $75,112.0 $88,144.0 $93,469.0 $97,354.0 $107,808.0 $106,833.0
EPS $2.65 $2.12 $1.90 $2.26 $1.29 $0.90
Dividend $1.60 $1.62 $1.65 $1.75 $1.86 $1.91

DRIP Plan Summary:
Shares Needed to Qualify: 1
Minimum Additional Investment: $100
Maximum Additional Investment: $10,000/transaction, $120,000/year
Additional Purchase Discount: None
Purchase Trading Fee: $0.03/share
Dividend Reinvestment Trading Fee: Company paid
Dividend Reinvestment Service Fee: 5%, minimum = $1 maximum = $3

Plan Prospectus

Investor Contact Information:
Transfer Agent: Computershare Trust Company, NA
Mail: Verizon Shareowner Services
P.O. Box 43078
Providence, RI 02940
Phone: 800-631-2355
IR website:

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