Telefónica, S.A. (TEF) Dividend History
Income profile from 1987 to 2025 with payout safety and yield-on-cost trend
3-Second Income Check
Safety
Payout ratio data not available yet.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 7.5% and trend is falling.
Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). TEF's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
Income Growth Story
Dividend per share and yield on cost over time (35 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Telefónica, S.A. has limited earnings payout data (Unknown). When measured against free cash flow—a stricter test—the payout ratio stands at 43.8%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TEF does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -1.2% and 5-year CAGR of -7.8%.
Total Shareholder Returns
Beyond cash dividends, TEF returns capital through share repurchases. The combined picture: 8.5% dividend yield, 8.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 7.5% and is currently falling. The 5-year total return is 34.7%, with dividends contributing 37.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $8,675 today.
Recent Dividend Payments
Last 20 payments · Semi-Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 17, 2025Latest | $0.1310 | ↓ -24.2% | 7.50% | Jan 9, 2026 |
| Jun 18, 2025 | $0.1727 | ↑ +11.1% | 6.29% | Jul 11, 2025 |
| Dec 18, 2024 | $0.1554 | ↓ -3.0% | 7.74% | Jan 8, 2025 |
| Jun 18, 2024 | $0.1602 | ↓ -2.7% | 7.61% | Jul 11, 2024 |
| Dec 12, 2023 | $0.1647 | ↑ +0.5% | 8.22% | Jan 3, 2024 |
| Jun 13, 2023 | $0.1639 | ↑ +2.3% | 8.29% | Jul 5, 2023 |
| Dec 13, 2022 | $0.1603 | ↑ +3.3% | 9.17% | Jan 3, 2023 |
| Jun 1, 2022 | $0.1551 | ↓ -7.2% | 6.35% | Jun 27, 2022 |
Dividend Peer Comparison
Peer group: Integrated Telecom and Media Groups
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd TEFTelefónica, S.A. | $24.4B | 8.5% | — | 0 | Unknown |
VZVerizon Communicatio… | $211.4B | 5.4% | 66.9% | 10 | Watch |
TAT&T Inc. | $196.0B | 4.1% | 37.4% | 2 | Sustainable |
TBBAT&T Inc. 5.35% GLB … | $139.3B | 5.0% | 37.4% | 2 | Sustainable |
AMXAmérica Móvil, S.A.B… | $78.4B | 2.3% | 40.0% | 5 | Sustainable |
VODVodafone Group Publi… | $35.8B | 5.2% | — | 0 | Unknown |
VIVTelefônica Brasil S.… | $27.0B | 1.8% | 45.6% | 0 | Sustainable |
1st BCEBCE Inc. | $24.5B | 11.0% | 10.5% | 2 | Sustainable |
3rd TUTELUS Corporation | $21.4B | 5.6% | 1.5% | 5 | Sustainable |
Annual Dividend History
37 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2025 | $0.30 | -3.8% | 2 | — | — | — | 7.5% |
| 2024 | $0.32 | -3.9% | 2 | $-0.06 | — | — | 7.8% |
| 2023 | $0.33 | 4.2% | 2 | $-0.20 | — | — | 8.1% |
| 2022 | $0.32 | -21.7% | 2 | $0.31 | 101.7% | 0.98x | 7.8% |
| 2021 | $0.40 | -11.7% | 2 | $1.38 | 29.2% | 3.43x | 9.9% |
| 2020 | $0.46 | 2.3% | 2 | $0.23 | 198.3% | 0.50x | 11.2% |
| 2019 | $0.45 | -3.1% | 2 | $0.32 | 139.3% | 0.72x | 11.0% |
| 2018 | $0.46 | 0.3% | 2 | $0.64 | 71.9% | 1.39x | 11.3% |
| 2017 | $0.46 | -43.1% | 2 | $0.56 | 81.9% | 1.22x | 11.3% |
| 2016 | $0.81 | -17.9% | 2 | $0.42 | 192.0% | 0.52x | 19.9% |
See TEF's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does TEF pay per share?
Telefónica, S.A. (TEF) pays a trailing 12-month dividend of $0.31 per share, with a current dividend yield of +8.5%. Payments are made Semi-Annual.
When is TEF's next ex-dividend date?
TEF's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TEF typically pays dividends Semi-Annual.
Is TEF's dividend safe?
TEF's dividend safety is rated "Unknown" based on an earnings payout ratio of N/A and FCF payout ratio of +43.8%. The dividend history does not yet show a prolonged growth streak.
How many years has TEF increased its dividend?
TEF has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -7.8%.
How often does TEF pay dividends?
Telefónica, S.A. pays dividends Semi-Annual. The trailing 12-month total is $0.31 per share. Dividend data on this page covers 38+ years from 1987 to 2025.
How much would $10,000 invested in TEF grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TEF five years ago would be worth approximately $13,474 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TEF's yield on cost for long-term holders?
TEF's yield on cost — the current dividend divided by the original purchase price — is +7.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +8.5% market yield, thanks to the lower original cost basis.