March 05, 2013 at 13:24 PM EST
Verizon Seeks to Resolve Relationship with Vodafone This Year (VZ, VOD)

It was reported on Tuesday that Verizon Communications Inc. (VZ) is seeking to resolve its wireless joint venture with the Vodafone Group (VOD) before the end of the year.

Verizon and Vodafone have been in talks to determine the best course of action to resolve the current relationship. The two have been talking back and forth about a buy-out or a possible full merger, according to a report by Bloomberg. However, the merger talks have stalled due to disagreements about leadership and headquarters location. If the two companies were to merge, it would be one of the largest in history.

More than likely Verizon will attempt to buy-out Vodafone’s 45% stake in Verizon Wireless, which is worth about $115 billion. Verizon is seeking to have full-control of its wireless division in order to have more say over its operations.

Verizon shares were up 41 cents, or +0.86%, during Tuesday trading, while Vodafone shares were up 98 cents, or +3.72%.

The Bottom Line
Shares of Verizon (VZ) have a dividend yield of 4.34% based on Tuesday’s intraday trading price of $47.52 and the company’s annualized dividend payout of $2.06 per share. Shares of Vodafone (VOD) have a dividend yield of 3.87% based on Tuesday’s intraday trading price of $26.35 and the company’s annualized dividend payout of $1.02 per share.

Verizon Communications Inc. (VZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Vodafone Group plc (VOD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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