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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) Of The SECURITIES
EXCHANGE ACT OF 1934
Date of Report: March 22, 1994
Exact name of registrant
as specified in its charter: BELL ATLANTIC CORPORATION
Commission File No.: 1-8606
State of Incorporation: Delaware
IRS Employer Identification No.: 23-2259884
Address of principal
executive offices: 1717 Arch Street
Philadelphia, Pennsylvania
Zip Code 19103
Registrant's telephone number,
including area code: (215) 963-6000
Former name or former address,
if changed since last report: N/A
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Item 5. Other Events.
Attached as an exhibit hereto is a copy of a press release
issued by Bell Atlantic Corporation (the Company) dated March 22,
1994 announcing an increase in the Company's quarterly dividend
from $.67 to $.69 per share.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(20) Press Release dated March 22, 1994
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
BELL ATLANTIC CORPORATION
By: /William O. Albertini/
William O. Albertini
Vice President and Chief
Financial Officer
Date: March 22, 1994
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Bell Atlantic Corporation
File No. 1-8606
INDEX TO EXHIBITS
The exhibit identified below is files as an exhibit hereto
Exhibit No. Description
(20) Press Release dated
March 22, 1994
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Contact: Cynthia M. Ciangio
(215) 963-6306
For Release: Immediately
March 22, 1994
BELL ATLANTIC DECLARES DIVIDEND INCREASE
PHILADELPHIA, March 22, 1994 -- The board of directors of Bell Atlantic
Corporation (NYSE: BEL) today declared an increase in its quarterly dividend
from $.67 to $.69 per share on the company's outstanding common shares. The
company has increased its dividend for the tenth consecutive year.
The dividend will be payable on May 2, 1994, to shareowners of record of
outstanding shares on April 11, 1994. Bell Atlantic has approximately 436
million shares of common stock outstanding and approximately one million
shareowners of record.
"This dividend increase reflects our growing confidence in Bell Atlantic's
future in the expanding markets for communications, information, and
entertainment," said Chairman and Chief Executive Officer Raymond W. Smith.
"I believe our industry is entering a new era of growth. Our key strategies,
which remain unchanged, will move us aggressively into areas which can
provide high incremental returns. As the only regional Bell company currently
permitted to provide cable television service in its home territories, Bell
Atlantic is well positioned to capitalize on these opportunities. As I told
the broadcast industry on Monday, Bell Atlantic expects to be equipped to
offer broadband services to a million households in our territory by the end
of next year. We believe such growth opportunities, coupled with our current
strong cash flow, improving revenues, and solid business fundamentals, set the
stage to provide attractive long-term returns to investors."
-more-
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Bell Atlantic Corporation, based in Philadelphia, is the parent of companies
which provide a full array of local exchange telecommunications services in
New Jersey, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, and
Washington, D.C. The corporation also is in the forefront of developing a
variety of new products, including video, entertainment, and information
services.
Bell Atlantic also is the parent of one of the nation's largest cellular
carriers and has an ownership position in cellular properties internationally.
In addition, Bell Atlantic owns an interest in Telecom Corporation of New
Zealand and is the parent of companies that provide financial services in the
U.S. and business systems services for customer-based information technology
throughout the U.S. and internationally.
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