Trailing Dividend / Share
$2.71
Verizon Communications Inc. (VZ) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.8%
Payout Ratio
66.9%
Watch
Dividend Streak
21 years
VZ Dividend Income Check
Safety
66.9% payout ratio with watch safety profile.
Consistency
21 straight years of dividend increases.
Income Trend
Yield on cost is 4.6% and trend is rising.
VZ Dividend Scorecard
Yield & Income
Dividend Yield5.8%
Trailing DPS$2.71
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout66.9%
Earnings SafetyWatch
FCF Payout94.0%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak21 years
3Y CAGR1.9%
5Y CAGR1.9%
Yield on Cost (5Y)4.6%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield5.8%
1Y Total Return14.1%
5Y Total Return10.6%
Div Contribution (5Y)24.7%
Estimated $10K growth (return + dividends):
5Y ago$11,05910Y ago$13,72220Y ago$26,660
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
VZ Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
VZ Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Verizon Communications Inc. distributes 66.9% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 94.0%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
VZ has raised its dividend for 21 consecutive years, with a 3-year CAGR of 1.9% and 5-year CAGR of 1.9%.
Total Shareholder Returns
Beyond cash dividends, VZ returns capital through share repurchases. The combined picture: 5.8% dividend yield, 5.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.6% and is currently rising. The 5-year total return is 10.6%, with dividends contributing 24.7% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,722 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
VZ Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$13.40
Avg/Payment$0.6701
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Oct 9, 2026Latest | $0.7075 | — | 5.85% | Nov 2, 2026 |
| Jul 10, 2026 | $0.7075 | — | 6.64% | Aug 3, 2026 |
| Apr 10, 2026 | $0.7075 | ↑ +2.5% | 6.01% | May 1, 2026 |
| Jan 12, 2026 | $0.6900 | — | 6.86% | Feb 2, 2026 |
| Oct 10, 2025 | $0.6900 | ↑ +1.8% | 6.83% | Nov 3, 2025 |
| Jul 10, 2025 | $0.6775 | — | 6.45% | Aug 1, 2025 |
| Apr 10, 2025 | $0.6775 | — | 6.28% | May 1, 2025 |
| Jan 10, 2025 | $0.6775 | — | 7.10% | Feb 3, 2025 |
VZ Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
5.8%
#1 of 8
Safety
Watch
66.9% payout
Streak
21Y
1.9% 5Y CAGR
Total Shareholder
5.8%
#3 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st VZVerizon Communicatio… | $194.0B | 5.8% | 66.9% | 21 | Watch |
2nd  TAT&T Inc. | $172.1B | 4.5% | 37.4% | 0 | Sustainable |
 TMUST-Mobile US, Inc. | $174.2B | 2.2% | 37.5% | 2 | Sustainable |
 LUMNLumen Technologies, … | $6.6B | 0.0% | — | 0 | Unknown |
 SHENShenandoah Telecommu… | $682M | 1.0% | — | 4 | Unknown |
 TDSTelephone and Data S… | $3.9B | 2.1% | — | 0 | Unknown |
 CSCOCisco Systems, Inc. | $419.5B | 1.5% | 49.4% | 15 | Sustainable |
3rd  ERICTelefonaktiebolaget … | $32.3B | 2.8% | 33.6% | 6 | Sustainable |
VZ Annual Dividend History (1984–2026)
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.81 | — | 4 | — | — | — | 4.8% |
| 2025 | $2.72 | 1.9% | 4 | $4.06 | 67.1% | 1.49x | 4.6% |
| 2024 | $2.67 | 1.9% | 4 | $4.15 | 64.4% | 1.55x | 4.5% |
| 2023 | $2.62 | 1.9% | 4 | $2.75 | 95.4% | 1.05x | 4.5% |
| 2022 | $2.57 | 2.0% | 4 | $5.06 | 50.8% | 1.97x | 4.4% |
| 2021 | $2.52 | 2.0% | 4 | $5.32 | 47.4% | 2.11x | 4.3% |
| 2020 | $2.47 | 2.1% | 4 | $4.30 | 57.5% | 1.74x | 4.2% |
| 2019 | $2.42 | 2.1% | 4 | $4.65 | 52.1% | 1.92x | 4.1% |
| 2018 | $2.37 | 2.2% | 4 | $3.76 | 63.1% | 1.58x | 4.0% |
| 2017 | $2.32 | 2.2% | 4 | $7.36 | 31.6% | 3.17x | 3.9% |
Consensus & Technical Research Suite
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VZ Stock Analysis
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Intrinsic Valuation
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Historical Returns
42+ years return with dividends reinvested.
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Peer Comparison
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VZ — Frequently Asked Questions
Quick answers to the most common questions about buying VZ stock.
How much dividend does VZ pay per share?
Verizon Communications Inc. (VZ) pays a trailing 12-month dividend of $2.71 per share, with a current dividend yield of +5.8%. Payments are made Quarterly.
When is VZ's next ex-dividend date?
VZ's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. VZ typically pays dividends Quarterly.
Is VZ's dividend safe?
VZ's dividend safety is rated "Watch" based on an earnings payout ratio of +66.9% and FCF payout ratio of +94.0%. With 21 consecutive years of dividend growth, the track record supports sustainability.
Is VZ a Dividend Achiever?
Yes, Verizon Communications Inc. is classified as a Dividend Achiever with 21 consecutive years of dividend increases. The 5-year dividend CAGR is +1.9%, demonstrating modest dividend growth.
How often does VZ pay dividends?
Verizon Communications Inc. pays dividends Quarterly. The trailing 12-month total is $2.71 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in VZ grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in VZ five years ago would be worth approximately $11,059 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is VZ's yield on cost for long-term holders?
VZ's yield on cost — the current dividend divided by the original purchase price — is +4.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.8% market yield, thanks to consistent dividend growth.