TEFOF Dividend Yield 2026: Telefónica, S.A.

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Data last updated: Aug 31, 2026

Snapshot (as of Aug 31, 2026): Telefónica, S.A. (TEFOF) pays a $0.30 annual dividend ($0.07 quarterly), yielding 8.24% at $4.05/share. Next ex-dividend date 2026-06-17. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 8.24%

Annual Dividend: $0.30 per share

Payout Ratio: -57.6%

Ex-Dividend Date: 2026-06-17

Dividend Frequency: quarterly

Sector: Communication Services

Years of Dividend History: 13

About Telefónica, S.A. Dividend

Telefónica, S.A. dividend investors are looking at one of the largest telecommunications operators in Europe and Latin America, offering mobile, broadband, and fiber services across dozens of markets. The current yield stands at 8.24%, paid quarterly, with a trailing annual dividend rate of $0.30 per share and the next ex-dividend date set for June 17, 2026. TEFOF carries a beta of 0.291, meaning its price moves far less than the broader market, which suits income investors who prioritize low volatility over capital appreciation.

Dividend Safety

Telefónica, S.A. pays out -57.6% of earnings as dividends, a payout ratio classified as conservative (below 40%). That negative figure reflects a period where reported earnings were negative, so the ratio itself is not a straightforward read on coverage. Telefónica, S.A. dividend safety is further complicated by the dividend's long-term per-share decline from $0.9523 in 2014 to $0.4885 in 2025, which shows the company has adjusted payouts downward before when financial conditions required it.

Telefónica, S.A. (TEFOF) Dividend Growth Rate, CAGR, and History

Telefónica, S.A. dividend history shows a CAGR of -5.9% per year from 2014 to 2025. Per-share payments fell from $0.9523 at the start of the window to $0.4885 by 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 53.1% in 2025, which follows years of cuts and reductions, and TEFOF has now posted three consecutive years of dividend increases.

Telefónica, S.A. Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+15.5%	$0.32 (2022)	$0.49 (2025)
5-Year	+1.5%	$0.45 (2020)	$0.49 (2025)
10-Year	+0.9%	$0.45 (2015)	$0.49 (2025)

Is Telefónica, S.A. a Good Dividend Stock?

TEFOF fits income-focused investors who want a high yield from a large, diversified telecom operator and can accept a history of dividend volatility. The yield is classified as high (above 4%), currently at 8.24%, which sits just below the 5-year average of 8.36%, so the income level is broadly in line with what the stock has historically offered. Three consecutive years of increases are a positive recent signal, but the 11-year CAGR of -5.9% per year is a real trade-off. What an investor gets here is a substantial income stream from a company spanning mobile, fiber, and broadband across Europe and Latin America. What they accept is a dividend that has been cut before and has not recovered to its 2014 level.

Recent Telefónica, S.A. Dividend Payments

Payment Date	Amount per Share
2026-06-17	$0.1739
2026-06-16	$0.1405
2025-12-17	$0.1427
2025-06-18	$0.1728
2025-06-17	$0.1730
2024-12-17	$0.1580
2024-06-18	$0.1610
2023-12-12	$0.1620
2023-06-13	$0.1610
2022-12-13	$0.1580

Telefónica, S.A. Annual Dividend History

Year	Total Dividends
2026	$0.3144
2025	$0.4885
2024	$0.3190
2023	$0.3230
2022	$0.3170

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Frequently Asked Questions

Does TEFOF pay dividends?

Yes, Telefónica, S.A. (TEFOF) pays a $0.07 quarterly dividend per share, yielding 8.24%.

How often does Telefónica, S.A. pay dividends?

Telefónica, S.A. pays dividends quarterly. The last dividend amount was $0.1739 per share, with the next ex-dividend date on June 17, 2026.

What is Telefónica, S.A.'s current dividend yield?

The current Telefónica, S.A. dividend yield is 8.24%. That sits just below the 5-year average yield of 8.36%, meaning the current income level is broadly consistent with its recent historical norm.

Has Telefónica, S.A. ever cut its dividend?

Yes. The available history shows multiple year-over-year declines, including a drop from $0.9523 in 2014 to $0.4460 in 2015, and further declines in years such as 2019, 2021, and 2024. The dividend has not returned to its 2014 level.

How fast has Telefónica, S.A. grown its dividend?

Over the 2014 to 2025 window, Telefónica, S.A. has a compound annual growth rate (CAGR) of -5.9% per year. Per-share payments fell from $0.9523 to $0.4885 over that period, though the most recent year saw a 53.1% increase.

Is Telefónica, S.A. a good dividend stock for income investors?

TEFOF offers a high yield of 8.24%, in line with its 5-year average of 8.36%, which suits income-focused investors. The trade-off is a long-term per-share decline in the dividend and a history of cuts, which adds income uncertainty.

Is Telefónica, S.A. dividend safe?

The payout ratio is classified as conservative (below 40%), but the negative figure reflects a period of negative earnings, making coverage difficult to assess directly. The dividend has been cut multiple times in the available 11-year history, which is a concrete risk factor.

How does Telefónica, S.A. compare to its own historical yield?

The current yield of 8.24% is just below the 5-year average of 8.36% for Telefónica, S.A. stock. Income investors are receiving a yield that is broadly consistent with what the stock has delivered over the past five years.

Latest TEFOF News

• Telefonica: Not Much Value For Long-Term Investors (NYSE:TEF) - Seeking Alpha — Seeking Alpha
• Telefonica - I'm Surprised At The 2026-2030 Plan (NYSE:TEF) - Seeking Alpha — Seeking Alpha

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