Verizon Communications Inc.
VZ21 yrs growthCommunication Services · Stock · quarterly payer
Forward Yield
5.64%
Annual Dividend
$2.83
Payout Ratio
73%
5-Yr Growth
2.0%
Ex-Date
Jul 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Verizon Communications Inc. (VZ) yields 5.64% ($2.83 per share annually), with a blended fair-value estimate of $82.21 — +64% upside, so it screens as undervalued. Dividend safety grade: A (87/100). 21 years of dividend growth.
Is VZ a good dividend stock?
YesVerizon Communications Inc. (VZ) pays a quarterly dividend yielding 5.64% ($2.83/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2000
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.64%
- Payout Ratio
- 73%
- Annual Dividend
- $2.83
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 21
- Frequency
- quarterly
- Beta
- 0.24
- Market Cap
- $210.2B
- P/E Ratio
- 13.1
- 5-Yr Total Return
- -7%
- 52-Week Range
- $38.39 – $51.68
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2000)
Frequently Asked Questions
VZ Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
+55%
5 Years
-7%
52-Week Range
$38.39 – $51.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VZ worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Verizon Communications Inc. is $82.21 per share, versus a market price of $50.10. That implies 64% of upside — a margin of safety of about 39%.
Fair Value
$82.21
Current Price
$50.10
Upside
+64%
Margin of Safety
39%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.5% annual free-cash-flow growth. We model 7.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 7.3% stage-1 growth, 2.5% terminal growth, $3.89 EPS, $2.83 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VZ Dividend Safety Score
Very 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.7080 | regular |
| Apr 10, 2026 | — | $0.7080 | regular |
| Jan 12, 2026 | — | $0.6900 | regular |
| Oct 10, 2025 | — | $0.6900 | regular |
| Jul 10, 2025 | — | $0.6780 | regular |
| Apr 10, 2025 | — | $0.6780 | regular |
| Jan 10, 2025 | — | $0.6780 | regular |
| Oct 10, 2024 | — | $0.6780 | regular |
| Jul 10, 2024 | — | $0.6650 | regular |
| Apr 9, 2024 | — | $0.6650 | regular |
| Jan 9, 2024 | — | $0.6650 | regular |
| Oct 6, 2023 | — | $0.6650 | regular |
| Jul 7, 2023 | — | $0.6530 | regular |
| Apr 6, 2023 | — | $0.6530 | regular |
Income Calculator
At $2.83 / yr per share
