Verizon Wireless will send its second gift to its Verizon Communications and Vodafone shareholders in less than a year in the way of an $8.5 billion dividend payout, a smaller amount than the $10 billion allotment from January 2012 but larger than many investors had expected. "Looks like early Christmas for shareholders. We were expecting about $7.5 billion," said Todd Lowenstein, a fund manager at HighMark Capital Management.

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