Verizon (VZ) Dividend History & Yield
Dividend ContenderVerizon (VZ) has increased its dividend for 22 consecutive years and currently yields 5.78%. The most recent dividend was $0.7075/share on May 1, 2026, paid Quarterly.
VZ
Current Yield
5.78%
TTM Dividend/Share
$2.77
Payment Frequency
Quarterly
Payout Ratio
67.4%
Consecutive Growth Years
22 (Dividend Contender)
Div Growth (1Y CAGR)
1.87%
Div Growth (5Y CAGR)
1.95%
Div Growth (10Y CAGR)
2.08%
VZ: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
7.7%
FCF payout ratio
14.5%
Net debt / EBITDA
3.9x
Interest coverage
4.22x
ROIC (TTM)
7.9%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 67.4%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.76) covers dividend/share ($2.77).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
22 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 14.5%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (1.9%) exceeds EPS growth (-3.2%) — payout ratio expanding.
Per-payment dividend history
Ex-date Apr 10, 2026
- Payment date
- May 1, 2026
- Dividend
- $0.7075
- Adj. dividend
- $0.7075
Ex-date Jan 12, 2026
- Payment date
- Feb 2, 2026
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
Ex-date Oct 10, 2025
- Payment date
- Nov 3, 2025
- Dividend
- $0.6900
- Adj. dividend
- $0.6900
Ex-date Jul 10, 2025
- Payment date
- Aug 1, 2025
- Dividend
- $0.6775
- Adj. dividend
- $0.6775
Ex-date Apr 10, 2025
- Payment date
- May 1, 2025
- Dividend
- $0.6775
- Adj. dividend
- $0.6775
Ex-date Jan 10, 2025
- Payment date
- Feb 3, 2025
- Dividend
- $0.6775
- Adj. dividend
- $0.6775
Ex-date Oct 10, 2024
- Payment date
- Nov 1, 2024
- Dividend
- $0.6775
- Adj. dividend
- $0.6775
Ex-date Jul 10, 2024
- Payment date
- Aug 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Apr 9, 2024
- Payment date
- May 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jan 9, 2024
- Payment date
- Feb 1, 2024
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Oct 6, 2023
- Payment date
- Nov 1, 2023
- Dividend
- $0.6650
- Adj. dividend
- $0.6650
Ex-date Jul 7, 2023
- Payment date
- Aug 1, 2023
- Dividend
- $0.6525
- Adj. dividend
- $0.6525
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Apr 10, 2026 | May 1, 2026 | $0.7075 | $0.7075 |
| Jan 12, 2026 | Feb 2, 2026 | $0.6900 | $0.6900 |
| Oct 10, 2025 | Nov 3, 2025 | $0.6900 | $0.6900 |
| Jul 10, 2025 | Aug 1, 2025 | $0.6775 | $0.6775 |
| Apr 10, 2025 | May 1, 2025 | $0.6775 | $0.6775 |
| Jan 10, 2025 | Feb 3, 2025 | $0.6775 | $0.6775 |
| Oct 10, 2024 | Nov 1, 2024 | $0.6775 | $0.6775 |
| Jul 10, 2024 | Aug 1, 2024 | $0.6650 | $0.6650 |
| Apr 9, 2024 | May 1, 2024 | $0.6650 | $0.6650 |
| Jan 9, 2024 | Feb 1, 2024 | $0.6650 | $0.6650 |
| Oct 6, 2023 | Nov 1, 2023 | $0.6650 | $0.6650 |
| Jul 7, 2023 | Aug 1, 2023 | $0.6525 | $0.6525 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Verizon has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 22 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.7225 | — | — |
| 2025 | $2.6725 | $2.7225 | +1.9% |
| 2024 | $2.6225 | $2.6725 | +1.9% |
| 2023 | $2.5725 | $2.6225 | +1.9% |
| 2022 | $2.5225 | $2.5725 | +2.0% |
| 2021 | $2.4725 | $2.5225 | +2.0% |
| 2020 | $2.4225 | $2.4725 | +2.1% |
| 2019 | $2.3725 | $2.4225 | +2.1% |
| 2018 | $2.3225 | $2.3725 | +2.2% |
| 2017 | $2.2725 | $2.3225 | +2.2% |
| 2016 | $2.2150 | $2.2725 | +2.6% |
| 2015 | $2.1400 | $2.2150 | +3.5% |
| 2014 | $2.0750 | $2.1400 | +3.1% |
| 2013 | $2.0150 | $2.0750 | +3.0% |
| 2012 | $1.9625 | $2.0150 | +2.7% |
| 2011 | $1.8535 | $1.9625 | +5.9% |
| 2010 | $1.7398 | $1.8535 | +6.5% |
| 2009 | $1.6394 | $1.7398 | +6.1% |
| 2008 | $1.5357 | $1.6394 | +6.8% |
| 2007 | $1.4569 | $1.5357 | +5.4% |
| 2006 | $1.4389 | $1.4569 | +1.3% |
| 2005 | $1.3850 | $1.4389 | +3.9% |
| 2004 | $1.3850 | $1.3850 | 0.0% |
| 2003 | $1.3850 | $1.3850 | 0.0% |
| 2002 | $1.3850 | $1.3850 | 0.0% |
| 2001 | $1.4267 | $1.3850 | -2.9% |
| 2000 | $1.3859 | $1.4267 | +3.0% |
| 1999 | $1.3850 | $1.3859 | +0.1% |
| 1998 | $1.3727 | $1.3850 | +0.9% |
| 1997 | $1.2860 | $1.3727 | +6.7% |
| 1996 | $1.2545 | $1.2860 | +2.5% |
| 1995 | $1.2321 | $1.2545 | +1.8% |
| 1994 | $1.2298 | $1.2321 | +0.2% |
| 1993 | $1.1601 | $1.2298 | +6.0% |
| 1992 | $1.1152 | $1.1601 | +4.0% |
| 1991 | $1.0432 | $1.1152 | +6.9% |
| 1990 | $0.7419 | $1.0432 | +40.6% |
| 1989 | $0.9173 | $0.7419 | -19.1% |
| 1988 | $0.8634 | $0.9173 | +6.3% |
| 1987 | $0.8094 | $0.8634 | +6.7% |
| 1986 | $0.5924 | $0.8094 | +36.6% |
| 1985 | $0.7195 | $0.5924 | -17.7% |
| 1984 | — | $0.7195 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Verizon (VZ) from the consolidated cash flow statement, in USD as filed.
Latest period
$11.54B
YoY change
+2.1%
5Y CAGR
+2.3%
Peak year (2025)
$11.48B
Latest annual
$11.48B
Cash dividends paid over time for Verizon (VZ)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Verizon (VZ)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $11.48B | +2.1% | +$232.00M | ||
| 2024 | $11.25B | +2.0% | +$224.00M | ||
| 2023 | $11.03B | +2.0% | +$220.00M | ||
| 2022 | $10.80B | +3.4% | +$360.00M | ||
| 2021 | $10.45B | +2.1% | +$213.00M | ||
| 2020 | $10.23B | +2.2% | +$216.00M | ||
| 2019 | $10.02B | +2.5% | +$244.00M | ||
| 2018 | $9.77B | +3.2% | +$300.00M | ||
| 2017 | $9.47B | +2.3% | +$210.00M | ||
| 2016 | $9.26B | +8.5% | +$724.00M | ||
| 2015 | $8.54B | +9.4% | +$735.00M | ||
| 2014 | $7.80B | +31.5% | +$1.87B | ||
| 2013 | $5.94B | +13.5% | +$706.00M | ||
| 2012 | $5.23B | -5.9% | -$325.00M | ||
| 2011 | $5.55B | +2.6% | +$143.00M | ||
| 2010 | $5.41B | +2.7% | +$141.00M | ||
| 2009 | $5.27B | +5.5% | +$277.00M | ||
| 2008 | $4.99B | +4.6% | +$221.00M | ||
| 2007 | $4.77B | +1.1% | +$54.00M | ||
| 2006 | $4.72B | +6.6% | +$292.00M | ||
| 2005 | $4.43B | +3.9% | +$165.00M | ||
| 2004 | $4.26B | +0.5% | +$23.00M | ||
| 2003 | $4.24B | +0.9% | +$39.00M | ||
| 2002 | $4.20B | +0.8% | +$32.00M | ||
| 2001 | $4.17B | -5.7% | -$253.00M | ||
| 2000 | $4.42B | +4.6% | +$194.00M | ||
| 1999 | $4.23B | +1.0% | +$41.00M | ||
| 1998 | $4.19B | +78.9% | +$1.85B | ||
| 1997 | $2.34B | +6.2% | +$136.30M | ||
| 1996 | $2.20B | +4.1% | +$86.70M | ||
| 1995 | $2.12B | +77.2% | +$922.30M | ||
| 1994 | $1.20B | +3.3% | +$38.60M | ||
| 1993 | $1.16B | +8.1% | +$86.80M | ||
| 1992 | $1.07B | +9.6% | +$93.50M | ||
| 1991 | $976.20M | +7.1% | +$64.40M | ||
| 1990 | $911.80M | +6.5% | +$55.40M | ||
| 1989 | $856.40M | — | — |
The 2025 reading of Verizon (VZ) dividends paid is $11.48B – edged up 2.1% year-over-year.
Across 2020–2025 (5 years), Verizon dividends paid produced a CAGR of +2.3% – sustaining 13 straight years of year-over-year growth.
The highest annual dividends paid of $11.48B was reported in 2025. The lowest in the available history was $856.40M in 1989.
Within Communication Services, Verizon (VZ) ranks 1st among 8 peers we track. The peer median for dividends paid is $4.51B.
Verizon Dividends Paid 2025: $11.48B
Verizon dividends paid in 2025 was $11.48B, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
Verizon Dividends Paid 2024: $11.25B
Verizon dividends paid in 2024 was $11.25B, edged up 2.0% from 2023.
Verizon Dividends Paid 2023: $11.03B
Verizon dividends paid in 2023 was $11.03B, edged up 2.0% from 2022.
Verizon Dividends Paid 2022: $10.80B
Verizon dividends paid in 2022 was $10.80B, edged up 3.4% from 2021.
Verizon Dividends Paid 2021: $10.45B
Verizon dividends paid in 2021 was $10.45B.
See more financial history for Verizon (VZ).
Sector peers by dividends paid
Companies in the same sector as Verizon, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Alphabet (GOOGL) | $10.05B | Communication Services |
| AT&T (T) | $8.18B | Communication Services |
| Meta (META) | $5.32B | Communication Services |
| Comcast (CMCSA) | $4.89B | Communication Services |
| T-Mobile US (TMUS) | $4.12B | Communication Services |
| Walt Disney (DIS) | $1.80B | Communication Services |
| Netflix (NFLX) | $0 | Communication Services |
| Spotify (SPOT) | $0 | Communication Services |
Frequently asked questions
Does Verizon pay dividends?
Yes, Verizon (VZ) pays quarterly dividends of approximately $2.77 per share annually, yielding 5.78%.
What is Verizon's dividend yield?
Verizon (VZ) has a current dividend yield of 5.78%.
Is Verizon's dividend safe?
Verizon (VZ) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Verizon increased its dividend?
Verizon (VZ) has 22 consecutive years of dividend increases.
What is Verizon's dividend payout ratio?
Verizon (VZ) has a dividend payout ratio of 67.4%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Verizon's dividends paid?
Latest reported dividends paid for Verizon (VZ) is $11.54B (period ending March 31, 2026).
How has Verizon dividends paid changed year-over-year?
Verizon (VZ) dividends paid changed +2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Verizon dividends paid?
Verizon (VZ) dividends paid compound annual growth rate is +2.3% over the most recent 5 years available.
When did Verizon dividends paid hit its highest annual value?
Verizon dividends paid reached its highest annual value of $11.48B in 2025.
What was Verizon dividends paid in 2024?
Verizon (VZ) dividends paid in 2024 was $11.25B.
What was Verizon dividends paid in 2025?
Verizon (VZ) dividends paid in 2025 was $11.48B.
Comparison
Explore more
VZ Overview
Company profile, financial tools, and key metrics
VZ Revenue Counter
Earns $4,412 every second. See per minute, hour, and day.
VZ Earnings Counter
Earns $549.85 per second net profit. See per minute, hour, and day.
VZ Economic Scale
Exceeds Puerto Rico (US)'s GDP. Compare with world economies.
VZ What If Invested
What if you had invested $1,000? See historical returns from any date.
VZ How It Makes Money
Discover visual breakdown of $139.15B in revenue — where it comes from and where it goes.
VZ Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
VZ Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
VZ Daily Price Character
Steady · 48.1% historical win rate (green days). Streaks & record days.
VZ Buybacks
1.18% TTM buyback yield. Shareholder yield & SBC comparison.
VZ Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
VZ Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
VZ Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
VZ Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
VZ Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.