Verizon Communications Inc

NYSE : VZ
USA·Communication Services·Telecommunication Services·Ordinary Shares
$44.79
+0.29 (+0.59%)Oct 16 close
Market Cap
$188.91B
Enterprise Value
$376.89B
P/E (TTM)
11.66
P/B
1.79
Net Cash / (Debt)
−$186.71B
52-Week Range
$38 — $51
5-Year Range
$31 — $55
Avg Volume (3M)
27.51M
Dividend Yield (TTM)
4.70%
vs 5Y avg 6.20% · 10Y avg 5.32%
Dividend Yield (Forward)
6.32%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.11
Forward (annualized): $2.83
Payout Ratio (EPS, TTM)
72.9%
Payout Ratio (FCF, TTM)
58.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y1.9%5Y1.9%10Y2.1%
Consecutive Growth Years
21
as of 2025
Years Without a Cut
36
as of 2025
Total Shareholder Yield (TTM)
7.51%
Div 5.77% + Net buyback 1.74%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
7.5%
Dividends 5.8% + Net buybacks 1.7%
Net Buyback (TTM)
$3.50B
Gross $3.50B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is steady (1.9% latest vs 1.9% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20252.72+1.9%1
20242.67+1.9%1
20232.62+1.9%1
20222.57+2.0%1
20212.52+2.0%1
20202.47+2.1%1
20192.42+2.1%1
20182.37+2.2%1
20172.32+2.2%1
20162.27+2.6%1
20152.22+3.5%1
20142.14+3.1%1
20132.08+3.0%1
20122.02+2.7%1
20111.96+2.6%1

Special dividends are excluded from these figures. Based on 164 regular payments.

Payment history (164 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-07-10$0.7075–0.0%Cashquarterly2026-06-042026-07-102026-08-03
2026-04-10$0.7075–+2.5%Cashquarterly2026-01-302026-04-102026-05-01
2026-01-12$0.69–0.0%Cashquarterly2025-12-042026-01-122026-02-02
2025-10-10$0.69–+1.8%Cashquarterly2025-09-052025-10-102025-11-03
2025-07-10$0.6775–0.0%Cashquarterly2025-06-062025-07-102025-08-01
2025-04-10$0.6775–0.0%Cashquarterly2025-02-282025-04-102025-05-01
2025-01-10$0.6775–0.0%Cashquarterly2024-12-052025-01-102025-02-03
2024-10-10$0.6775–+1.9%Cashquarterly2024-09-042024-10-102024-11-01
2024-07-10$0.665–0.0%Cashquarterly2024-06-052024-07-102024-08-01
2024-04-09$0.665–0.0%Cashquarterly2024-02-292024-04-102024-05-01
2024-01-09$0.665–0.0%Cashquarterly2023-12-072024-01-102024-02-01
2023-10-06$0.665–+1.9%Cashquarterly2023-09-072023-10-102023-11-01
2023-07-07$0.6525–0.0%Cashquarterly2023-06-012023-07-102023-08-01
2023-04-06$0.6525–0.0%Cashquarterly2023-03-022023-04-102023-05-01
2023-01-09$0.6525–0.0%Cashquarterly2022-12-012023-01-102023-02-01
2022-10-06$0.6525–+2.0%Cashquarterly2022-09-062022-10-072022-11-01
2022-07-07$0.64–0.0%Cashquarterly2022-05-312022-07-082022-08-01
2022-04-07$0.64–0.0%Cashquarterly2022-02-282022-04-082022-05-02
2022-01-07$0.64–0.0%Cashquarterly2021-12-022022-01-102022-02-01
2021-10-07$0.64–+2.0%Cashquarterly2021-09-022021-10-082021-11-01
2021-07-08$0.6275–0.0%Cashquarterly2021-06-022021-07-092021-08-02
2021-04-08$0.6275–0.0%Cashquarterly2021-03-032021-04-092021-05-03
2021-01-07$0.6275–0.0%Cashquarterly2020-12-042021-01-082021-02-01
2020-10-08$0.6275–+2.0%Cashquarterly2020-09-032020-10-092020-11-02
2020-07-09$0.615–0.0%Cashquarterly2020-06-042020-07-102020-08-03
2020-04-09$0.615–0.0%Cashquarterly2020-03-052020-04-132020-05-01
2020-01-09$0.615–0.0%Cashquarterly2019-12-052020-01-102020-02-03
2019-10-09$0.615–+2.1%Cashquarterly2019-09-052019-10-102019-11-01
2019-07-09$0.6025–0.0%Cashquarterly2019-06-062019-07-102019-08-01
2019-04-09$0.6025–0.0%Cashquarterly2019-03-082019-04-102019-05-01
2019-01-09$0.6025–0.0%Cashquarterly2018-12-062019-01-102019-02-01
2018-10-09$0.6025–+2.1%Cashquarterly2018-09-062018-10-102018-11-01
2018-07-09$0.59–0.0%Cashquarterly2018-06-072018-07-102018-08-01
2018-04-09$0.59–0.0%Cashquarterly2018-03-062018-04-102018-05-01
2018-01-09$0.59–0.0%Cashquarterly2017-12-072018-01-102018-02-01
2017-10-06$0.59–+2.2%Cashquarterly2017-09-072017-10-102017-11-01
2017-07-06$0.5775–0.0%Cashquarterly2017-07-012017-07-102017-08-01
2017-04-06$0.5775–0.0%Cashquarterly2017-03-032017-04-102017-05-01
2017-01-06$0.5775–0.0%Cashquarterly2016-12-012017-01-102017-02-01
2016-10-05$0.5775–+2.2%Cashquarterly2016-09-012016-10-072016-11-01
2016-07-06$0.565–0.0%Cashquarterly2016-06-022016-07-082016-08-01
2016-04-06$0.565–0.0%Cashquarterly2016-03-042016-04-082016-05-02
2016-01-06$0.565–0.0%Cashquarterly2015-12-032016-01-082016-02-01
2015-10-07$0.565–+2.7%Cashquarterly2015-09-032015-10-092015-11-02
2015-07-08$0.55–0.0%Cashquarterly2015-06-042015-07-102015-08-03
2015-04-08$0.55–0.0%Cashquarterly2015-03-062015-04-102015-05-01
2015-01-07$0.55–0.0%Cashquarterly2014-12-042015-01-092015-02-02
2014-10-08$0.55–+3.8%Cashquarterly2014-09-042014-10-102014-11-03
2014-07-08$0.53–0.0%Cashquarterly2014-06-052014-07-102014-08-01
2014-04-08$0.53–0.0%Cashquarterly2014-03-072014-04-102014-05-01
2014-01-08$0.53–0.0%Cashquarterly2013-12-062014-01-102014-02-03
2013-10-08$0.53–+2.9%Cashquarterly2013-09-022013-10-102013-11-01
2013-07-08$0.515–0.0%Cashquarterly2013-06-062013-07-102013-08-01
2013-04-08$0.515–0.0%Cashquarterly2013-03-082013-04-102013-05-01
2013-01-08$0.515–0.0%Cashquarterly2012-12-062013-01-102013-02-01
2012-10-05$0.515–+3.0%Cashquarterly2012-09-072012-10-102012-11-01
2012-07-06$0.5–0.0%Cashquarterly2012-06-082012-07-102012-08-01
2012-04-05$0.5–0.0%Cashquarterly2012-03-032012-04-102012-05-01
2012-01-06$0.5–0.0%Cashquarterly2011-12-022012-01-102012-02-01
2011-10-05$0.5–+2.6%Cashquarterly2011-09-022011-10-072011-11-01
2011-07-06$0.4875–0.0%Cashquarterly2011-06-032011-07-082011-08-01
2011-04-06$0.4875–0.0%Cashquarterly2011-03-052011-04-082011-05-02
2011-01-06$0.4875–0.0%Cashquarterly2010-12-032011-01-102011-02-01
2010-10-06$0.4875–+2.6%Cashquarterly2010-09-032010-10-082010-11-01
2010-07-07$0.475–0.0%Cashquarterly2010-06-042010-07-092010-08-02
2010-04-07$0.475–0.0%Cashquarterly2010-03-062010-04-092010-05-03
2010-01-06$0.475–0.0%Cashquarterly2009-12-042010-01-082010-02-01
2009-10-07$0.475–+3.3%Cashquarterly2009-09-042009-10-092009-11-02
2009-07-08$0.46–0.0%Cashquarterly2009-06-052009-07-102009-08-03
2009-04-07$0.46–0.0%Cashquarterly2009-03-052009-04-092009-05-01
2009-01-07$0.46–0.0%Cashquarterly2008-12-042009-01-092009-02-02
2008-10-08$0.46–+7.0%Cashquarterly2008-09-052008-10-102008-11-03
2008-07-08$0.43–0.0%Cashquarterly2008-06-062008-07-102008-08-01
2008-04-08$0.43–0.0%Cashquarterly2008-03-172008-04-102008-05-01
2008-01-08$0.43–0.0%Cashquarterly2007-12-062008-01-102008-02-01
2007-10-05$0.43–+6.2%Cashquarterly2007-09-062007-10-102007-11-01
2007-07-06$0.405–0.0%Cashquarterly2007-06-072007-07-102007-08-01
2007-04-05$0.405–0.0%Cashquarterly2007-03-012007-04-102007-05-01
2007-01-08$0.405–0.0%Cashquarterly2006-12-072007-01-102007-02-01
2006-10-05$0.405–0.0%Cashquarterly2006-09-072006-10-102006-11-01
2006-07-06$0.405–0.0%Cashquarterly2006-06-012006-07-102006-08-01
2006-04-06$0.405–0.0%Cashquarterly2006-03-022006-04-102006-05-01
2006-01-06$0.405–0.0%Cashquarterly2005-12-012006-01-102006-02-01
2005-10-05$0.405–0.0%Cashquarterly2005-09-012005-10-072005-11-01
2005-07-06$0.405–0.0%Cashquarterly2005-06-022005-07-082005-08-01
2005-04-06$0.405–+5.2%Cashquarterly2005-03-042005-04-082005-05-02
2005-01-06$0.385–0.0%Cashquarterly2004-12-022005-01-102005-02-01
2004-10-06$0.385–0.0%Cashquarterly2004-09-022004-10-082004-11-01
2004-07-07$0.385–0.0%Cashquarterly2004-05-282004-07-092004-08-02
2004-04-06$0.385–0.0%Cashquarterly2004-03-082004-04-092004-05-03
2004-01-07$0.385–0.0%Cashquarterly2003-12-042004-01-092004-02-02
2003-10-08$0.385–0.0%Cashquarterly2003-09-042003-10-102003-11-03
2003-07-08$0.385–0.0%Cashquarterly2003-06-052003-07-102003-08-01
2003-04-08$0.385–0.0%Cashquarterly2003-03-102003-04-102003-05-01
2003-01-08$0.385–0.0%Cashquarterly2002-12-052003-01-102003-02-03
2002-10-08$0.385–0.0%Cashquarterly2002-08-292002-10-102002-11-01
2002-07-08$0.385–0.0%Cashquarterly2002-06-062002-07-102002-08-01
2002-04-08$0.385–0.0%Cashquarterly2002-02-272002-04-102002-05-01
2002-01-08$0.385–0.0%Cashquarterly2001-12-062002-01-102002-02-01
2001-10-05$0.385–0.0%Cashquarterly2001-09-062001-10-102001-11-01
2001-07-06$0.385–0.0%Cashquarterly2001-06-062001-07-102001-08-01
2001-04-06$0.385–0.0%Cashquarterly2001-03-052001-04-102001-05-01
2001-01-08$0.385–0.0%Cashquarterly2000-12-072001-01-102001-02-01
2000-10-05$0.385–+728.0%Cashquarterly2000-09-072000-10-102000-11-01
2000-07-06$0.0465–-86.3%Cashquarterly2000-05-252000-07-102000-08-01
2000-07-03$0.3384–-12.1%Cashquarterly2000-05-242000-06-29-
2000-04-06$0.385–0.0%Cashquarterly2000-03-282000-04-102000-05-01
2000-01-06$0.385–0.0%Cashquarterly1999-11-222000-01-102000-02-01
1999-10-06$0.385–0.0%Cashquarterly1999-09-281999-10-081999-11-01
1999-07-07$0.385–0.0%Cashquarterly1999-06-221999-07-091999-08-02
1999-04-07$0.385–0.0%Cashquarterly1999-03-231999-04-091999-05-03
1999-01-06$0.385–0.0%Cashquarterly1998-11-241999-01-081999-02-01
1998-10-07$0.385–0.0%Cashquarterly1998-09-221998-10-091998-11-02
1998-07-08$0.385–0.0%Cashquarterly1998-06-231998-07-101998-08-03
1998-04-07$0.385$0.770.0%Cashquarterly1998-03-241998-04-101998-05-01
1998-01-07$0.385$0.770.0%Cashquarterly1997-11-251998-01-091998-02-02
1997-10-08$0.385$0.770.0%Cashquarterly1997-08-291997-10-101997-11-03
1997-07-08$0.385$0.77+4.1%Cashquarterly1997-06-271997-07-101997-08-01
1997-04-08$0.37$0.74+2.8%Cashquarterly1997-03-251997-04-101997-05-01
1997-01-08$0.36$0.720.0%Cashquarterly1996-11-261997-01-101997-02-03
1996-10-08$0.36$0.720.0%Cashquarterly1996-09-181996-10-101996-11-01
1996-07-08$0.36$0.720.0%Cashquarterly1996-06-251996-07-101996-08-01
1996-04-08$0.36$0.72+2.9%Cashquarterly1996-03-261996-04-101996-05-01
1996-01-08$0.35$0.70.0%Cashquarterly1995-11-281996-01-101996-02-01
1995-10-05$0.35$0.70.0%Cashquarterly1995-09-271995-10-101995-11-01
1995-07-06$0.35$0.70.0%Cashquarterly1995-06-271995-07-101995-08-01
1995-04-04$0.35$0.7+1.4%Cashquarterly1995-03-281995-04-101995-05-01
1995-01-04$0.345$0.690.0%Cashquarterly1994-11-221995-01-101995-02-01
1994-10-04$0.345$0.690.0%Cashquarterly1994-08-231994-10-111994-11-01
1994-07-05$0.345$0.690.0%Cashquarterly1994-06-281994-07-111994-08-01
1994-04-05$0.345$0.69+3.0%Cashquarterly1994-03-221994-04-111994-05-02
1994-01-04$0.335$0.670.0%Cashquarterly1993-11-231994-01-101994-02-01
1993-10-04$0.335$0.670.0%Cashquarterly1993-08-241993-10-081993-11-01
1993-07-02$0.335$0.670.0%Cashquarterly1993-06-221993-07-091993-08-02
1993-04-02$0.335$0.67+3.1%Cashquarterly1993-03-231993-04-081993-05-03
1993-01-05$0.325$0.650.0%Cashquarterly1992-12-171993-01-111993-02-01
1992-10-05$0.325$0.650.0%Cashquarterly1992-09-221992-10-091992-11-02
1992-07-06$0.325$0.650.0%Cashquarterly1992-06-231992-07-101992-08-03
1992-04-06$0.325$0.65+3.2%Cashquarterly1992-03-241992-04-101992-05-01
1992-01-06$0.315$0.630.0%Cashquarterly1991-12-191992-01-101992-02-03
1991-10-04$0.315$0.630.0%Cashquarterly1991-09-231991-10-101991-11-01
1991-07-03$0.315$0.630.0%Cashquarterly1991-06-251991-07-101991-08-01
1991-04-04$0.315$0.63+6.8%Cashquarterly1991-03-261991-04-101991-05-01
1991-01-04$0.295$0.590.0%Cashquarterly1990-12-181991-01-101991-02-01
1990-10-03$0.295$0.590.0%Cashquarterly1990-09-251990-10-101990-11-01
1990-07-03$0.295$0.590.0%Cashquarterly1990-06-261990-07-101990-08-01
1990-04-04$0.295$1.18+7.3%Cashquarterly1990-03-161990-04-101990-05-01
1990-01-04$0.275$1.10.0%Cashquarterly1989-12-191990-01-101990-02-01
1989-10-03$0.275$1.10.0%Cashquarterly1989-09-261989-10-101989-11-01
1989-07-03$0.275$1.10.0%Cashquarterly1989-06-271989-07-101989-08-01
1989-04-04$0.275$1.1+7.8%Cashquarterly1989-03-281989-04-101989-05-01
1988-12-23$0.255$1.020.0%Cashquarterly1988-12-191988-12-301989-02-01
1988-09-26$0.255$1.020.0%Cashquarterly1988-09-191988-09-301988-11-01
1988-06-24$0.255$1.020.0%Cashquarterly1988-06-161988-06-301988-08-01
1988-03-25$0.255$1.02+6.3%Cashquarterly1988-03-181988-03-311988-05-01
1987-12-24$0.24$0.960.0%Cashquarterly1987-12-171987-12-311988-02-01
1987-09-24$0.24$0.960.0%Cashquarterly1987-09-171987-09-301987-11-01
1987-06-24$0.24$0.960.0%Cashquarterly1987-06-181987-06-301987-08-01
1987-03-25$0.24$0.96+6.7%Cashquarterly1987-03-181987-03-311987-05-01
1986-12-24$0.225$0.90.0%Cashquarterly1986-12-171986-12-311987-02-01
1986-09-24$0.225$0.90.0%Cashquarterly1986-09-171986-09-301986-11-01
1986-06-24$0.225$0.90.0%Cashquarterly1986-06-181986-06-301986-08-01
1986-03-24$0.225$1.8+5.9%Cashquarterly1986-03-121986-03-311986-05-01
1985-12-24$0.2125$1.7–Cashquarterly1985-12-171985-12-311986-02-01

Splits (3)

DateRatioCumulative
1986-04-182:1×8 to today
1990-05-022:1×4 to today
1998-06-302:1×2 to today