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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Telefónica, S.A. (TEF) pays a $0.30 annual dividend, yielding 9.13% at $3.81/share. Next ex-dividend date 2026-06-17. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 9.13%
Annual Dividend: $0.30 per share
Payout Ratio: -107.9%
Ex-Dividend Date: 2026-06-17
Dividend Frequency: semi-annually
Sector: Communication Services
Years of Dividend History: 34
Telefónica, S.A. dividend investors are looking at one of Europe's largest telecom operators, spanning mobile, broadband, fiber-to-the-home, and digital services across Europe and Latin America. The current yield sits at 9.13%, placing TEF firmly in high-yield territory. TEF pays semi-annually, with a trailing annual rate of $0.3029 per share and the next ex-dividend date set for June 17, 2026. That yield level, paired with a beta of 0.279, makes this a low-volatility income play for investors who prioritize yield over growth.
Telefónica, S.A. pays out -107.9% of earnings as dividends, a payout ratio classified as conservative (below 40%) on a cash-flow basis, though the negative figure reflects a net loss period rather than a cash shortfall. Telefónica, S.A. dividend safety draws some support from the company's broad revenue base across mobile, fixed-line, broadband, and enterprise services in multiple geographies, which provides diversified demand. The most significant pressure point in the data is the long-term decline in the per-share dividend, which has fallen from $0.6037 in 2005 to $0.3487 in 2025, a trend income investors cannot ignore.
Telefónica, S.A. dividend history shows a CAGR of -2.7% per year from 2005 to 2025. Per-share payments have dropped from $0.6037 at the start of the window to $0.3487 by 2025 (with 2026 partial and excluded from the CAGR calculation). The largest single-year increase in the window was 50.9% in 2007, but the data also contains at least one year-over-year decline exceeding 5%, and the overall direction over two decades has been downward. Growth is negative. That is the defining characteristic of TEF's dividend history.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.4% | $0.32 (2022) | $0.35 (2025) |
| 5-Year | -5.2% | $0.46 (2020) | $0.35 (2025) |
| 10-Year | -4.2% | $0.54 (2015) | $0.35 (2025) |
TEF fits income-focused investors who want a high current yield from a large, diversified telecom operator and can accept that the per-share payout has eroded over time. The yield classification is high (above 4%), currently at 9.13%, which sits modestly above the 5-year average of 8.98%. That consistency near the 5-year average shows the yield has been persistently elevated, not a recent spike. What an investor gets here is a large, immediate income stream from a company operating across mobile, broadband, and enterprise services in Europe and Latin America. The trade-off is a dividend that has declined at -2.7% per year over two decades, meaning purchasing power from the payout shrinks over time.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-17 | $0.1719 |
| 2025-12-17 | $0.1760 |
| 2025-06-18 | $0.1727 |
| 2024-12-18 | $0.1554 |
| 2024-06-18 | $0.1602 |
| 2023-12-12 | $0.1647 |
| 2023-06-13 | $0.1639 |
| 2022-12-13 | $0.1603 |
| 2022-06-01 | $0.1551 |
| 2021-12-01 | $0.1670 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.1719 |
| 2025 | $0.3487 |
| 2024 | $0.3156 |
| 2023 | $0.3286 |
| 2022 | $0.3154 |
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