
7.125% Fixed-Rate Reset Subordinated Debentures due 2052
RZCStock · quarterly payer
Forward Yield
7.14%
Annual Dividend
$1.78
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Quarterly
Key facts about RZC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) has a forward dividend yield of 7.14%, based on an annual dividend of $1.78 per share and a share price of $24.92.
- As of Oct 18, 2026, RZC's dividend safety grade from SmarterDividends is B (76 out of 100), which rates the dividend as safe.
- RZC has never cut its regular dividend in the payment history SmarterDividends has on record.
- RZC's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.45 per share.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for RZC is $40.77 per share, 64% above the $24.92 share price, so RZC screens as undervalued.
- 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) pays its dividend quarterly, 4 times a year.
- 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) has raised its regular dividend 0 times and cut it 0 times across the 15 payments on record since 2023. The regular dividend has not changed in that time.
Cite this page
SmarterDividends, "RZC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/RZC
Summary
As of Oct 18, 2026, 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) yields 7.14% ($1.78 a year per share) and has a dividend safety grade of B (76/100).
Is RZC a good dividend stock?
Yes7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) pays a quarterly dividend yielding 7.14% ($1.78/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 7.14%
- Payout Ratio
- —
- Annual Dividend
- $1.78
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $24.74 – $25.88
- Dividend Safety
- B · 76/100
- Ever Cut?
- No
RZC dividend raises and cuts
7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) has raised its regular dividend 0 times and cut it 0 times across the 15 payments on record since 2023. The regular dividend has not changed in that time.
Frequently Asked Questions
Is RZC a good dividend stock?
Yes. 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) pays a quarterly dividend yielding 7.14% ($1.78/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is RZC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RZC's fair value is about $40.77 versus a $24.92 share price — so it looks undervalued (+64% vs. fair value).
Is RZC's dividend safe?
RZC has a dividend-safety grade of B (76/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is RZC's fair value?
Our blended fair-value estimate for RZC is about $40.77 per share, roughly 64% above the current $24.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is RZC a buy, hold, or sell?
We don't issue formal ratings, but on the data RZC screens as "yes" and undervalued. 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 (RZC) pays a quarterly dividend yielding 7.14% ($1.78/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will RZC cut its dividend?
RZC earns a dividend-safety grade of B (76/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does RZC pay a dividend?
Yes. 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 pays a quarterly dividend of about $1.78 per share annually, a forward yield of roughly 7.14%.
What is RZC's dividend yield?
As of Oct 18, 2026, RZC's forward dividend yield is 7.14%, based on a $1.78 annual dividend and a $24.92 share price.
What is RZC's dividend per share?
As of Oct 18, 2026, RZC pays $1.78 per share per year, distributed on a quarterly basis.
How many years has RZC grown its dividend?
RZC does not currently have a long dividend-growth streak on record.
When is the next RZC ex-dividend date?
As of Oct 18, 2026, RZC's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.45 per share.
RZC Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-5%
5 Years
—
52-Week Range
$24.74 – $25.88
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RZC worth?
Undervaluedlow confidenceOur blended fair-value estimate for 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 is $40.77 per share, versus a market price of $24.92. That implies 64% of upside — a margin of safety of about 39%.
Fair Value
$40.77
Current Price
$24.92
Upside
+64%
Margin of Safety
39%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $1.78 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RZC Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full RZC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 1, 2026 | Oct 15, 2026 | $0.4450 | regular |
| Jul 1, 2026 | Jul 15, 2026 | $0.4450 | regular |
| Apr 1, 2026 | Apr 15, 2026 | $0.4450 | regular |
| Dec 31, 2025 | Jan 15, 2026 | $0.4450 | regular |
| Oct 1, 2025 | Oct 15, 2025 | $0.4450 | regular |
| Jul 1, 2025 | Jul 15, 2025 | $0.4450 | regular |
| Apr 1, 2025 | Apr 15, 2025 | $0.4450 | regular |
| Dec 31, 2024 | Jan 15, 2025 | $0.4450 | regular |
| Oct 1, 2024 | Oct 15, 2024 | $0.4450 | regular |
| Jul 1, 2024 | Jul 15, 2024 | $0.4450 | regular |
| Mar 28, 2024 | Apr 15, 2024 | $0.4450 | regular |
| Dec 28, 2023 | Jan 16, 2024 | $0.4450 | regular |
| Sep 28, 2023 | Oct 16, 2023 | $0.4450 | regular |
| Aug 29, 2023 | Oct 16, 2023 | $0.4450 | regular |
Income Calculator
At $1.78 / yr per share
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