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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Verizon Communications Inc. (VZ) pays a $2.80 annual dividend ($0.71 quarterly), yielding 6.41% at $43.59/share. Next ex-dividend date 2026-07-10. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.41%
Annual Dividend: $2.80 per share
Payout Ratio: 66.5%
Ex-Dividend Date: 2026-07-10
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 43
Verizon Communications Inc. dividend income comes from one of the largest telecommunications providers in the United States, serving roughly 115 million wireless retail connections and 7 million wireline broadband customers across its Consumer and Business segments. The current yield stands at 6.64%, paid quarterly at $0.7075 per share, with the next ex-dividend date on July 10, 2026. Over the trailing twelve months, VZ paid $2.7950 per share in total dividends. With a beta of 0.238, VZ stock moves far less than the broader market, which suits income-focused investors who prioritize predictability over price appreciation.
Verizon Communications Inc. pays out 66.5% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the company's subscription-based revenue model, which spans postpaid wireless plans, residential Fios internet and video services, and enterprise connectivity contracts across its Business segment. Verizon Communications Inc. dividend safety is worth examining in the context of that 66.5% figure: there is limited room to absorb an earnings decline before the payout comes under pressure. The company's capital-intensive network infrastructure adds another layer of financial demand that competes with dividend funding.
Verizon Communications Inc. dividend history shows a CAGR of 2.4% per year from 2011 to 2025. The per-share annual dividend grew from $1.9640 to $2.7240 over that period (2026 data is partial and excluded from the CAGR calculation). Growth is slow by most standards. The smallest annual increase in the window was 1.9% in 2022, and even the largest, 3.5% in 2015, barely outpaced typical inflation. For income investors, that means the real purchasing power of VZ dividends has grown modestly at best.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.9% | $2.57 (2022) | $2.72 (2025) |
| 5-Year | +2.0% | $2.47 (2020) | $2.72 (2025) |
| 10-Year | +2.1% | $2.21 (2015) | $2.72 (2025) |
VZ stock is built for income-focused investors who want a high, recurring yield from a large-scale telecommunications business rather than dividend growth. The current yield of 6.64% is classified as high (above 4%), and it sits above the 5-year average yield of 6.23%, meaning today's entry point delivers more income than the historical norm. The trade-off is clear: 24 consecutive years of increases come with a 2.4% annual growth rate that barely moves the needle in real terms. The payout ratio of 66.5% keeps the dividend funded but leaves little cushion. Investors get a high, recurring income stream from a business with deep subscriber scale, accepting slow dividend growth and limited earnings flexibility in return.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-10 | $0.7075 |
| 2026-04-10 | $0.7075 |
| 2026-01-12 | $0.6900 |
| 2025-10-10 | $0.6900 |
| 2025-07-10 | $0.6780 |
| 2025-04-10 | $0.6780 |
| 2025-01-10 | $0.6780 |
| 2024-10-10 | $0.6780 |
| 2024-07-10 | $0.6650 |
| 2024-04-09 | $0.6650 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1050 |
| 2025 | $2.7240 |
| 2024 | $2.6730 |
| 2023 | $2.6240 |
| 2022 | $2.5730 |
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