Verizon Wireless dividend payments may be lean going forward as the venture of Verizon Communications Inc and Vodafone Group Plc conserves cash to pay down debt and prepare for a spectrum auction, a top Verizon Communications executive said on Tuesday. Verizon Chief Financial Officer Fran Shammo told analysts during an investor conference the wireless venture would use cash to pay down $5 billion in debt due at the end of this year and early next year.
Vodafone Group Plc (Vodafone) is a mobile communications company operating across the globe providing a range of communications services. Shares of VOD fell by 0.37% or $-0.11/share to $29.55. In the past year, the shares have traded as low as $24.42 and as high as $30.07. On average, 13880000 shares of VOD exchange hands on a given day and today's volume is recorded at 7371395.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.8% or $0.42/share to $52.97. In the past year, the shares have traded as low as $40.51 and as high as $54.31. On average, 13740000 shares of VZ exchange hands on a given day and today's volume is recorded at 2276084.
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