Telefónica, S.A.
TEFOFCommunication Services · Stock · semiannual payer
Forward Yield
3.95%
Annual Dividend
$0.17
Payout Ratio
111%
5-Yr Growth
-5.2%
Ex-Date
Jun 16, 2026
Frequency
Semiannual
Summary
As of July 2026, Telefónica, S.A. (TEFOF) yields 3.95% ($0.17 per share annually), with a blended fair-value estimate of $5.21 — +19% upside, so it screens as undervalued. Dividend safety grade: D (48/100). 1 years of dividend growth.
Is TEFOF a good dividend stock?
MixedTelefónica, S.A. (TEFOF) pays a semiannual dividend yielding 3.95% ($0.17/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2022
- Elevated payout ratio (111%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 3.95%
- Payout Ratio
- 111%
- Annual Dividend
- $0.17
- 5-Yr Avg Growth
- -5.2%
- Ex-Dividend Date
- Jun 16, 2026
- Years of Growth
- 1
- Frequency
- semiannual
- Beta
- 0.29
- Market Cap
- $24.6B
- P/E Ratio
- —
- 5-Yr Total Return
- -11%
- 52-Week Range
- $3.66 – $5.87
- Dividend Safety
- D · 48/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
TEFOF Price — Last 12 Months
Daily close
Price Return
1 Year
-22%
3 Years
+5%
5 Years
-11%
52-Week Range
$3.66 – $5.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TEFOF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Telefónica, S.A. is $5.21 per share, versus a market price of $4.37. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$5.21
Current Price
$4.37
Upside
+19%
Margin of Safety
16%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 9.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 9.3% stage-1 growth, 2.5% terminal growth, -$0.48 EPS, $0.17 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TEFOF Dividend Safety Score
Risky
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 17, 2025 | — | $0.1730 | regular |
| Dec 17, 2024 | — | $0.1580 | regular |
| Jun 18, 2024 | — | $0.1610 | regular |
| Dec 12, 2023 | — | $0.1620 | regular |
| Jun 13, 2023 | — | $0.1610 | regular |
| Dec 13, 2022 | — | $0.1580 | regular |
| Jun 1, 2022 | — | $0.1590 | regular |
| Dec 1, 2021 | — | $0.1680 | regular |
| Jun 1, 2021 | — | $0.2420 | regular |
| Dec 11, 2020 | — | $0.2360 | regular |
| Jun 17, 2020 | — | $0.2170 | regular |
| Dec 17, 2019 | — | $0.2230 | regular |
| Jun 18, 2019 | — | $0.2240 | regular |
| Dec 18, 2018 | — | $0.2270 | regular |
Income Calculator
At $0.17 / yr per share
