Verizon Communications's last quarterly dividend of $0.653 per share was on Jul 7, 2023 (ex-date). The annualized dividend payment of $2.61 per share represents a current dividend yield of 7.87%.
Verizon Communications's dividend yield of 7.87% is higher than the Communication Services sector, the industry and its peers average. If we compare it with the Communication Services sector average of 3.46%, Verizon Communications's dividend yield is 127% higher. The historical 5-year average of VZ's dividend yield is 4.9%, which is less than the current one.
Verizon Communications has a history of paying dividends since 1994. Our records of VZ show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 2% since one year ago. And with the stock price down by 16% from a year ago, the dividend yield has grown by 21%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Jul 7, 2023 | Aug 1, 2023 | Jun 1, 2023 | $0.653 | normal |
Apr 6, 2023 | May 1, 2023 | Mar 2, 2023 | $0.653 | normal |
Jan 9, 2023 | Feb 1, 2023 | Dec 1, 2022 | $0.653 | normal |
Oct 6, 2022 | Nov 1, 2022 | Sep 6, 2022 | $0.653 | normal |
Jul 7, 2022 | Aug 1, 2022 | May 31, 2022 | $0.64 | normal |
Apr 7, 2022 | May 2, 2022 | Feb 28, 2022 | $0.64 | normal |
Jan 7, 2022 | Feb 1, 2022 | Dec 2, 2021 | $0.64 | normal |
Oct 7, 2021 | Nov 1, 2021 | Sep 2, 2021 | $0.64 | normal |
Jul 8, 2021 | Aug 2, 2021 | Jun 2, 2021 | $0.628 | normal |
Apr 8, 2021 | May 3, 2021 | Mar 3, 2021 | $0.628 | normal |
Jan 7, 2021 | Feb 1, 2021 | Dec 3, 2020 | $0.628 | normal |
Oct 8, 2020 | Nov 2, 2020 | Sep 3, 2020 | $0.628 | normal |
Jul 9, 2020 | Aug 3, 2020 | Jun 4, 2020 | $0.615 | normal |
Apr 9, 2020 | May 1, 2020 | Mar 5, 2020 | $0.615 | normal |
Jan 9, 2020 | Feb 3, 2020 | Dec 5, 2019 | $0.615 | normal |
Oct 9, 2019 | Nov 1, 2019 | Sep 5, 2019 | $0.615 | normal |
Jul 9, 2019 | Aug 1, 2019 | Jun 6, 2019 | $0.603 | normal |
Apr 9, 2019 | May 1, 2019 | Mar 8, 2019 | $0.603 | normal |
Jan 9, 2019 | Feb 1, 2019 | Dec 6, 2018 | $0.603 | normal |
Oct 9, 2018 | Nov 1, 2018 | Sep 6, 2018 | $0.603 | normal |
Jul 9, 2018 | Aug 1, 2018 | Jun 7, 2018 | $0.59 | normal |
Apr 9, 2018 | May 1, 2018 | Mar 6, 2018 | $0.59 | normal |
Jan 9, 2018 | Feb 1, 2018 | Dec 7, 2017 | $0.59 | normal |
Oct 6, 2017 | Nov 1, 2017 | Sep 7, 2017 | $0.59 | normal |
Jul 6, 2017 | Aug 1, 2017 | Jun 1, 2017 | $0.578 | normal |
Apr 6, 2017 | May 1, 2017 | Mar 3, 2017 | $0.578 | normal |
Jan 6, 2017 | Feb 1, 2017 | Dec 1, 2016 | $0.578 | normal |
Oct 5, 2016 | Nov 1, 2016 | Sep 1, 2016 | $0.578 | normal |
Jul 6, 2016 | Aug 1, 2016 | Jun 2, 2016 | $0.565 | normal |
Apr 6, 2016 | May 2, 2016 | Mar 4, 2016 | $0.565 | normal |
Jan 6, 2016 | Feb 1, 2016 | Dec 3, 2015 | $0.565 | normal |
Oct 7, 2015 | Nov 2, 2015 | Sep 3, 2015 | $0.565 | normal |
Jul 8, 2015 | Aug 3, 2015 | Jun 4, 2015 | $0.55 | normal |
Verizon Communications's payout ratio of 52.1% is above the Communication Services sector and the industry average. Compared to its Communication Services sector average of 45.7%, Verizon Communications's payout ratio is 14% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
SPOK Spok Holdings Inc | 8.69% | $1.25 | 70.2% |
VZ Verizon Communications Inc | 7.88% | $2.61 | 52.1% |
T At&T Inc | 7.38% | $1.11 | N/A |
TDS Telephone & Data Systems Inc | 4.16% | $0.74 | N/A |
AAPL Apple Inc | 0.54% | $0.94 | 15.7% |
SHEN Shenandoah Telecommunications Co | 0.39% | $0.08 | N/A |
Yes, Verizon Communications has paid four dividends in the last 12 months. VZ has been paying dividends since 1994.
VZ has announced its next dividend with ex-date Oct 6, 2023.
Verizon Communications's last regular dividend was on Jul 7, 2023 (ex-date) with the amount of $0.653 per share.
On an annual basis VZ pays $2.61 per share.
Verizon Communications's current dividend yield is 7.87%.
Verizon Communications has a quarterly dividend frequency.
The dividend payout ratio of Verizon Communications is 52.1%.
Verizon Communications's dividend yield is more than the Communication Services sector average.