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Data last updated: Oct 12, 2026
Snapshot (as of Oct 12, 2026): Telefónica, S.A. (TELFY) pays a $0.15 annual dividend, yielding 9.69% at $3.59/share. Next ex-dividend date 2026-06-17. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 9.69%
Annual Dividend: $0.15 per share
Payout Ratio: 252.1% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-06-17
Dividend Frequency: semi-annually
Sector: Communication Services
Years of Dividend History: 35
Telefónica, S.A. dividend sits at a 9.69% yield, making it one of the higher-yielding names in the Communication Services sector. Founded in 1924 and headquartered in Madrid, the company provides broadband, mobile, cloud, and cybersecurity services across Spain, Brazil, Germany, and the United Kingdom. TELFY pays semi-annually, with the last dividend of $0.1750 per share and the next ex-dividend date set for June 17, 2026, putting the trailing twelve-month payment at $0.15 per share. That yield level attracts income-focused investors, though the beta of 0.306 points to relatively low price volatility for a stock carrying this much yield.
Telefónica, S.A. pays out 252.1% of earnings as dividends, a payout ratio classified as high (above 75%) — in fact, it far exceeds that threshold. Telefónica, S.A. dividend safety is supported in part by the company's broad revenue base across residential connectivity, enterprise cloud and cybersecurity services, and wholesale network operations in four major markets, which provides multiple income streams. The payout ratio at this level means earnings alone do not cover the dividend, which is the most significant data-supported pressure point for income investors relying on this payment.
Telefónica, S.A. dividend history shows a CAGR of -3.5% per year from 2006 to 2025. The per-share payment has declined from $0.6887 at the start of the window to $0.3487 by 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 35.7% in 2008, but the overall direction has been downward, and the history contains at least one year-over-year decline exceeding 5%. Growth is negative. For income investors, that means the purchasing power of each dividend payment has eroded over nearly two decades.
| 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 | -9.8% | $0.98 (2015) | $0.35 (2025) |
TELFY stock fits income-focused investors who prioritize current yield over dividend growth. The yield of 9.69% is classified as high (above 4%), and it sits well above the 5-year average yield of 7.72%, which means the stock is currently paying out more relative to its price than it has on average. The trade-off is real: a payout ratio of 252.1% and a negative long-term CAGR of -3.5% mean income comes at the cost of dividend growth and payout coverage. Telefónica, S.A. operates across four major markets with diversified services in broadband, enterprise cloud, and cybersecurity, but that breadth has not translated into dividend expansion. An investor gets a high current yield; they accept a shrinking dividend history and an unsupported payout ratio.
| 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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