T vs VZ: Which Is the Better Dividend Stock?
As of Nov 2, 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 6.33%, VZ has the higher dividend-safety score, and T looks like the better value (its fair-value estimate is 144% above its share price).
Key facts: T vs VZ
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Verizon Communications Inc. (VZ) has the higher forward dividend yield at 6.33%, versus 5.18% for AT&T Inc. (T).
- As of Nov 2, 2026, SmarterDividends grades T's dividend safety C (65/100) and VZ's A (87/100).
- By SmarterDividends' count as of Nov 2, 2026, T has raised its dividend for 0 consecutive years and VZ for 21.
- As of Nov 2, 2026, T pays out 59% of its earnings as dividends and VZ pays out 72%.
- As of Nov 2, 2026, T's fair-value estimate is 144% above its share price and VZ's fair-value estimate is 45% above its share price, so T looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "T vs VZ: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/t-vs-vz
| Metric | T | VZ |
|---|---|---|
| Forward yield | 5.18% | 6.33% |
| Annual dividend | $1.11 | $2.83 |
| Payout ratio | 59% | 72% |
| Years of growth | 0 yr | 21 yr |
| 5-yr dividend growth | -11.8% | 2.0% |
| 5-yr total return | 24% | -11% |
| Dividend safety score | 65 (C) | 87 (A) |
| Fair value estimate | $52.20 | $64.76 |
| Upside to fair value | +144% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $144.2B | $185.4B |
| P/E ratio | 11.4 | 11.4 |
Higher yield
VZ
6.33%
Safer dividend
VZ
Grade A
Faster growth
VZ
2.0%
Better value
T
+144% upside
T vs VZ — FAQ
Is T or VZ a better dividend stock?
On the data, VZ wins more head-to-head categories (5 vs 3). VZ offers the higher yield (6.33%), while VZ has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, T or VZ?
VZ has the higher forward dividend yield at 6.33%, versus 5.18% for T.
Is T or VZ safer?
VZ has the higher dividend-safety score (87/100 vs 65/100), reflecting stronger payout coverage and dividend-growth history.
Is T or VZ better value right now?
As of Nov 2, 2026, T looks like the better value: its fair-value estimate is 144% above its share price (undervalued). For VZ, its fair-value estimate is 45% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.