TMUS vs VZ: Which Is the Better Dividend Stock?
As of Nov 2, 2026, VZ (Verizon Communications Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. VZ offers the higher yield at 6.33%, VZ has the higher dividend-safety score, and VZ looks like the better value (its fair-value estimate is 45% above its share price).
Key facts: TMUS 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 2.99% for T-Mobile US, Inc. (TMUS).
- As of Nov 2, 2026, SmarterDividends grades TMUS's dividend safety C (64/100) and VZ's A (87/100).
- By SmarterDividends' count as of Nov 2, 2026, TMUS has raised its dividend for 2 consecutive years and VZ for 21.
- As of Nov 2, 2026, TMUS pays out 39% of its earnings as dividends and VZ pays out 72%.
- As of Nov 2, 2026, TMUS's fair-value estimate is 35% above its share price and VZ's fair-value estimate is 45% above its share price, so VZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "TMUS vs VZ: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/tmus-vs-vz
| Metric | TMUS | VZ |
|---|---|---|
| Forward yield | 2.99% | 6.33% |
| Annual dividend | $4.68 | $2.83 |
| Payout ratio | 39% | 72% |
| Years of growth | 2 yr | 21 yr |
| 5-yr dividend growth | — | 2.0% |
| 5-yr total return | 44% | -11% |
| Dividend safety score | 64 (C) | 87 (A) |
| Fair value estimate | $210.69 | $64.76 |
| Upside to fair value | +35% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $165.7B | $185.4B |
| P/E ratio | 15.1 | 11.4 |
Higher yield
VZ
6.33%
Safer dividend
VZ
Grade A
Faster growth
VZ
2.0%
Better value
VZ
+45% upside
TMUS vs VZ — FAQ
Is TMUS or VZ a better dividend stock?
On the data, VZ wins more head-to-head categories (4 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, TMUS or VZ?
VZ has the higher forward dividend yield at 6.33%, versus 2.99% for TMUS.
Is TMUS or VZ safer?
VZ has the higher dividend-safety score (87/100 vs 64/100), reflecting stronger payout coverage and dividend-growth history.
Is TMUS or VZ better value right now?
As of Nov 2, 2026, VZ looks like the better value: its fair-value estimate is 45% above its share price (undervalued). For TMUS, its fair-value estimate is 35% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.