TU vs VZ: Which Is the Better Dividend Stock?
As of Oct 28, 2026, VZ (Verizon Communications Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. VZ offers the higher yield at 6.57%, VZ has the higher dividend-safety score, and VZ looks like the better value (its fair-value estimate is 59% above its share price).
Key facts: TU vs VZ
Data as of · Source: SmarterDividends data
- As of Oct 28, 2026, Verizon Communications Inc. (VZ) has the higher forward dividend yield at 6.57%, versus 6.13% for TELUS Corporation (TU).
- As of Oct 28, 2026, SmarterDividends grades TU's dividend safety C (56/100) and VZ's A (87/100).
- By SmarterDividends' count as of Oct 28, 2026, TU has raised its dividend for 10 consecutive years and VZ for 21.
- As of Oct 28, 2026, TU pays out 283% of its earnings as dividends and VZ pays out 73%.
- As of Oct 28, 2026, TU's fair-value estimate is 3% below its share price and VZ's fair-value estimate is 59% above its share price, so VZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "TU vs VZ: Dividend Yield, Safety & Value Compared," updated Oct 28, 2026, https://smarterdividends.com/compare/tu-vs-vz
| Metric | TU | VZ |
|---|---|---|
| Forward yield | 6.13% | 6.57% |
| Annual dividend | $0.53 | $2.83 |
| Payout ratio | 283% | 73% |
| Years of growth | 10 yr | 21 yr |
| 5-yr dividend growth | 5.5% | 2.0% |
| 5-yr total return | -61% | -11% |
| Dividend safety score | 56 (C) | 87 (A) |
| Fair value estimate | $8.35 | $70.00 |
| Upside to fair value | -3% | +59% |
| Frequency | quarterly | quarterly |
| Market cap | $13.5B | $182.1B |
| P/E ratio | — | 11.2 |
Higher yield
VZ
6.57%
Safer dividend
VZ
Grade A
Faster growth
TU
5.5%
Better value
VZ
+59% upside
TU vs VZ — FAQ
Is TU or VZ a better dividend stock?
On the data, VZ wins more head-to-head categories (7 vs 1). VZ offers the higher yield (6.57%), 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, TU or VZ?
VZ has the higher forward dividend yield at 6.57%, versus 6.13% for TU.
Is TU or VZ safer?
VZ has the higher dividend-safety score (87/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is TU or VZ better value right now?
As of Oct 28, 2026, VZ looks like the better value: its fair-value estimate is 59% above its share price (undervalued). For TU, its fair-value estimate is 3% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.