Verizon Communications Inc (VZ) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for VZ.
Verizon Communications Inc (VZ) pays an attractive 5.84% dividend yield, or $2.83 per share annually at a stock price of $48.48. 21 consecutive years of dividend increases — qualifying as a Dividend Contender (10+ years). The payout ratio of 73% is moderate. The dividend is currently covered by earnings but leaves less room for growth. Earnings cover the dividend 1.4x. Dividend growth has been steady, with a 3-year CAGR of 2.3% and a 5-year CAGR of 2.2% (10-year: 2.1%). The most recent ex-dividend date was July 10, 2026.
Dividend Overview
Verizon Communications Inc (VZ) pays an attractive 5.84% dividend yield, or $2.83 per share annually at a stock price of $48.48. VZ has increased its dividend for 21 consecutive years.
Dividend Safety
The payout ratio of 73% is moderate. The dividend is currently covered by earnings but leaves less room for growth.
DRIP Projection
$10,000 invested in VZ with dividends reinvested would grow to approximately $18,668 after 10 years, generating roughly $1,351/year in dividend income. This projection assumes the current 5.84% yield and a 2.2% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,584 | $631 | +6% |
| Year 5 | $13,443 | $874 | +34% |
| Year 10 | $18,668 | $1,351 | +87% |
| Year 15 | $26,870 | $2,164 | +169% |
| Year 20 | $40,239 | $3,609 | +302% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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