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VZ Verizon Communications dividend history, payout ratio & dates

Verizon Communications's last quarterly dividend of $0.653 per share was on Oct 6, 2022 (ex-date). The annualized dividend payment of $2.57 per share represents a current dividend yield of 6.73%. The latest VZ payout of $0.653 marks a dividend growth of 2%.

Key dates

  • VZ last dividend date: Oct 6, 2022
  • VZ next dividend date: Not announced
VZ dividend stats
DPS
$2.57
Dividend yield
6.73%
Payout ratio
55.8%
vs. Communication Services sector
Dividend yield
2.91%
Payout ratio
40.7%

Dividend yield

What is Verizon Communications current dividend yield

Verizon Communications's dividend yield of 6.73% is higher than the Communication Services sector, the industry and its peers average. If we compare it with the Communication Services sector average of 2.91%, Verizon Communications's dividend yield is 131% higher. The historical 5-year average of VZ's dividend yield is 4.6%, which is less than the current one.

Dividend history

What is VZ dividend payout history and dates

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 1.9% since one year ago. And with the stock price down by 26% from a year ago, the dividend yield has grown by 38%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 dividend payout ratio

What is Verizon Communications dividend payout ratio compared to the sector

Payout ratio

Verizon Communications's payout ratio of 55.8% is above the Communication Services sector and the industry average. Compared to its Communication Services sector average of 40.7%, Verizon Communications's payout ratio is 37% higher.

Total amount of dividends paid per financial year (from cash flow)

VZ dividend vs peer dividends

How does VZ dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SPOK Spok Holdings Inc 15.62% $1.25 N/A
TDS Telephone & Data Systems Inc 7.24% $0.72 166.3%
T At&T Inc 7.19% $1.35 49%
VZ Verizon Communications Inc 6.73% $2.57 55.8%
AAPL Apple Inc 0.63% $0.91 14.8%
SHEN Shenandoah Telecommunications Co 0.42% $0.08 N/A

Frequently asked questions

Does Verizon Communications pay a dividend?

Yes, Verizon Communications has paid four dividends in the last 12 months. VZ has been paying dividends since 1994.

When is Verizon Communications's next dividend?

VZ hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in January 2023.

When was VZ's last dividend?

Verizon Communications's last regular dividend was on Oct 6, 2022 (ex-date) with the amount of $0.653 per share.

How much dividend does Verizon Communications pay (per share)?

On an annual basis VZ pays $2.57 per share.

What is Verizon Communications's dividend yield?

Verizon Communications's current dividend yield is 6.73%.

How often does Verizon Communications pay dividends?

Verizon Communications has a quarterly dividend frequency.

What is Verizon Communications's dividend payout ratio?

The dividend payout ratio of Verizon Communications is 55.8%.

Does Verizon Communications pay a good dividend?

Verizon Communications's dividend yield is more than the Communication Services sector average.