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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Verizon Communications Inc. (VZ) pays a $2.80 annual dividend ($0.71 quarterly), yielding 6.37% at $44.75/share. Next ex-dividend date 2026-10-09. 24 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.37%
Annual Dividend: $2.80 per share
Payout Ratio: 72.8%
Ex-Dividend Date: 2026-10-09
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 5.81%, paid quarterly at $0.7075 per share, with the next ex-dividend date on October 9, 2026. VZ pays $2.7950 per share on a trailing twelve-month basis. With a beta of 0.24, this is a low-volatility Dividend Aristocrat built for income-focused investors who prioritize yield over growth.
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 network contracts across its Consumer and Business segments. Verizon Communications Inc. dividend safety faces its clearest pressure from that same payout ratio: at 71.9%, there is limited room to absorb an earnings decline before the dividend would require reassessment.
Over the past 14 years, Verizon Communications Inc. dividend history shows a compound annual growth rate (CAGR) of 2.4% per year, from $1.9625 per share in 2011 to $2.7225 in 2025 (2026 is a partial year and excluded from this calculation). That translates to meaningful dollar growth in absolute terms, but 2.4% annually barely keeps pace with typical inflation. The smallest annual increase in the window was 1.9% in 2023, which illustrates just how narrow the growth increments have been.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.9% | $2.57 (2022) | $2.72 (2025) |
| 5-Year | +1.9% | $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, recurring yield from a large-scale telecommunications business rather than dividend growth. The current yield of 5.81% is classified as high (above 4%), and it sits above the 5-year average of 5.45%, meaning today's entry point delivers more income than the historical norm. Twenty-six consecutive years of increases confirm Dividend Aristocrat status, a streak that reflects discipline even if the pace of growth is slow. The trade-off is straightforward: investors get a high yield and low volatility (beta of 0.24), but dividend growth at 2.4% per year offers little purchasing-power protection over time.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-09 | $0.7080 |
| 2026-07-10 | $0.7075 |
| 2026-04-10 | $0.7075 |
| 2026-01-12 | $0.6900 |
| 2025-10-10 | $0.6900 |
| 2025-07-10 | $0.6775 |
| 2025-04-10 | $0.6775 |
| 2025-01-10 | $0.6775 |
| 2024-10-10 | $0.6775 |
| 2024-07-10 | $0.6650 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.8130 |
| 2025 | $2.7225 |
| 2024 | $2.6725 |
| 2023 | $2.6225 |
| 2022 | $2.5725 |
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