T vs VZ: Which Is the Better Dividend Stock?
As of September 2026, VZ (Verizon Communications Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. VZ offers the higher yield at 5.59%, VZ has the higher dividend-safety score, and T trades at the larger discount to fair value (+150%).
| Metric | T | VZ |
|---|---|---|
| Forward yield | 4.26% | 5.59% |
| Annual dividend | $1.11 | $2.83 |
| Payout ratio | 37% | 73% |
| Years of growth | 0 yr | 21 yr |
| 5-yr dividend growth | -11.8% | 2.0% |
| 5-yr total return | 28% | -6% |
| Dividend safety score | 68 (B) | 87 (A) |
| Fair value estimate | $65.24 | $81.92 |
| Upside to fair value | +150% | +62% |
| Frequency | quarterly | quarterly |
| Market cap | $178.6B | $210.3B |
| P/E ratio | 8.6 | 13.2 |
Higher yield
VZ
5.59%
Safer dividend
VZ
Grade A
Faster growth
VZ
2.0%
Better value
T
+150% upside
T vs VZ — FAQ
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