Dividend Details
Calculate VZ Dividend Income
Quick Facts
- Yield: 5.63%
- Frequency: Quarterly
- Sector: Communication Services
- Streak: 20 years
About Verizon Communications
Verizon Communications is America's largest wireless carrier by subscribers, serving over 115 million retail connections across its premium 5G and 4G LTE networks. The company has increased its quarterly dividend for 20 consecutive years, funded by the steady cash flows from its essential services business. Verizon's dividend yield consistently ranks among the highest in the S&P 500 large-cap space, making it a core income holding in many retirement portfolios. The company generates over $18 billion in annual free cash flow, providing strong coverage for its dividend payments even as it invests heavily in 5G network expansion.
20 consecutive years of dividend increases, — the company has raised its payout through recessions, rate hikes, and market downturns alike.
VZ Dividend FAQ
What is VZ's current dividend yield and payout?
VZ currently yields 5.63% annually, paying $2.83 per share per year based on a share price of $50.00. This translates to $0.7075 per share per quarter.
How often does VZ pay dividends?
VZ distributes dividends quarterly, following the standard schedule of most S&P 500 companies. Quarterly payments typically arrive in March, June, September, and December, though exact dates vary. Each payment is approximately $0.7075 per share.
How much does $10,000 invested in VZ pay in dividends?
A $10,000 investment in VZ at $50.00 per share buys approximately 200 shares. At the current 5.63% yield, this generates approximately $563 per year, or $47 per month in dividend income before taxes.
How long has VZ been increasing dividends?
VZ has increased its dividend for 20 consecutive years. This growing track record is a positive sign for income investors.
Is VZ's dividend sustainable?
Evaluate VZ's free cash flow coverage and balance sheet strength from its latest quarterly earnings. A healthy dividend typically has a payout ratio below 75% and growing free cash flow.
VZ Dividend Investing Guide
Verizon Communications (VZ) represents a compelling opportunity for dividend investors seeking high-yield income in their portfolios. As a communication services sector stock, VZ offers exposure to sector-specific opportunities.
With 20 consecutive years of dividend increases, VZ has established a solid track record of growing shareholder income. This consistency in dividend growth shows the company can grow its payout while keeping the balance sheet healthy.
To maximize returns from VZ dividends, consider strategies like dividend reinvestment (DRIP) to compound growth over time, tax-efficient account placement for qualified dividends, and portfolio diversification across sectors and payment schedules. Use our DRIP calculator to project long-term growth or our tax calculator to estimate after-tax income from your VZ investment.