VIV 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. VIV offers the higher yield at 8.31%, VZ has the higher dividend-safety score, and VIV trades at the larger discount to fair value (+159%).
| Metric | VIV | VZ |
|---|---|---|
| Forward yield | 8.31% | 5.88% |
| Annual dividend | $0.99 | $2.83 |
| Payout ratio | 121% | 73% |
| Years of growth | 0 yr | 21 yr |
| 5-yr dividend growth | -14.5% | 2.0% |
| 5-yr total return | 49% | -9% |
| Dividend safety score | 50 (C) | 87 (A) |
| Fair value estimate | $30.95 | $79.51 |
| Upside to fair value | +159% | +65% |
| Frequency | monthly | quarterly |
| Market cap | $19.1B | $199.8B |
| P/E ratio | 14.9 | 12.5 |
Higher yield
VIV
8.31%
Safer dividend
VZ
Grade A
Faster growth
VZ
2.0%
Better value
VIV
+159% upside
VIV vs VZ — FAQ
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