VZ vs WMG: Which Is the Better Dividend Stock?
As of Nov 6, 2026, VZ (Verizon Communications Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. VZ offers the higher yield at 6.14%, VZ has the higher dividend-safety score, and VZ looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: VZ vs WMG
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Verizon Communications Inc. (VZ) has the higher forward dividend yield at 6.14%, versus 2.51% for Warner Music Group Corp. (WMG).
- As of Nov 6, 2026, SmarterDividends grades VZ's dividend safety A (87/100) and WMG's B (71/100).
- By SmarterDividends' count as of Nov 6, 2026, VZ has raised its dividend for 21 consecutive years and WMG for 5.
- As of Nov 6, 2026, VZ pays out 72% of its earnings as dividends and WMG pays out 61%.
- As of Nov 6, 2026, VZ's fair-value estimate is 40% above its share price and WMG's fair-value estimate is 3% below its share price, so VZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "VZ vs WMG: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/vz-vs-wmg
| Metric | VZ | WMG |
|---|---|---|
| Forward yield | 6.14% | 2.51% |
| Annual dividend | $2.83 | $0.80 |
| Payout ratio | 72% | 61% |
| Years of growth | 21 yr | 5 yr |
| 5-yr dividend growth | 2.0% | 9.0% |
| 5-yr total return | -11% | -29% |
| Dividend safety score | 87 (A) | 71 (B) |
| Fair value estimate | $64.76 | $31.06 |
| Upside to fair value | +40% | -3% |
| Frequency | quarterly | quarterly |
| Market cap | $191.1B | $16.7B |
| P/E ratio | 11.8 | 25.5 |
Higher yield
VZ
6.14%
Safer dividend
VZ
Grade A
Faster growth
WMG
9.0%
Better value
VZ
+40% upside
VZ vs WMG — FAQ
Is VZ or WMG a better dividend stock?
On the data, VZ wins more head-to-head categories (6 vs 2). VZ offers the higher yield (6.14%), 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, VZ or WMG?
VZ has the higher forward dividend yield at 6.14%, versus 2.51% for WMG.
Is VZ or WMG safer?
VZ has the higher dividend-safety score (87/100 vs 71/100), reflecting stronger payout coverage and dividend-growth history.
Is VZ or WMG better value right now?
As of Nov 6, 2026, VZ looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For WMG, 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.