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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Verizon Communications Inc. (VZ) pays a $2.80 annual dividend ($0.71 quarterly), yielding 5.54% at $50.44/share. Next ex-dividend date 2026-07-10. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.54%
Annual Dividend: $2.80 per share
Payout Ratio: 71.9%
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 5.58%, with a trailing annual dividend rate of $2.7950 per share paid quarterly. The next ex-dividend date is July 10, 2026, and the last declared payment was $0.7075 per share. With a beta of 0.231, VZ stock moves far less than the broader market, which suits income-focused investors who prioritize low volatility over price appreciation.
Verizon Communications Inc. pays out 71.9% 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 anchored to that recurring demand, but a payout ratio near the upper end of the elevated range leaves limited room to absorb earnings pressure without affecting the dividend.
Over the past 14 years, 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 a partial year and excluded from the CAGR calculation). Growth is slow. The smallest annual increase in the window was 1.9% in 2022, and the largest was 3.5% in 2015, a narrow band that reflects a deliberate, incremental approach to raises rather than aggressive dividend expansion.
| 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 fits income-focused investors who want a high yield from a large-scale telecommunications business and can accept slow dividend growth in exchange. The current yield of 5.58% is classified as high (above 4%), and it sits above the 5-year average yield of 5.23%, meaning buyers today are getting a slightly better entry yield than the historical norm. The 24-year streak of consecutive increases shows the company has prioritized unbroken dividend growth, but at 2.4% annually, raises barely keep pace with inflation. The trade-off is clear: a meaningful income stream from a low-volatility stock, offset by a payout ratio of 71.9% that limits how much faster the dividend can grow.
| 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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