UPDATE 2-SBC raises regular dividend, sets one-time payout

Newswire

(Adds details, byline, updates stock price) By Jessica Hall PHILADELPHIA, March 28 (Reuters) - SBC Communications Inc. , the No. 2 U.S. local telephone company, on Friday said it raised its quarterly dividend by 4.6 percent and set an additional one-time payout of 5 cents a share. The move marked the company's 19th consecutive year with a dividend increase. Shares of San Antonio, Texas-based SBC shed 61 cents, or 2.9 percent, to close at $20.24 on the New York Stock Exchange. The ...

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