VZ (Verizon Communications) Dividend Payout Ratio: 0.55 (As of Mar. 2026) — Near Median


VZ Verizon Communications Inc VZ
64 GF Score
Price $46.07
GF Value $42.49
Valuation Fairly Valued
! 3 Warning Signs
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What is Verizon Communications Dividend Payout Ratio?

Verizon Communications VZ +0.85% 64 Dividend Payout Ratio is 0.55 as of Mar. 2026, which is 8% above its 10-year median of 0.51. GuruFocus rates VZ with a GF Score™ of 64/100 and a GF Value™ of $42.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 191 Telecommunication Services companies, Verizon Communications ranks worse than 52.88% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Verizon Communications's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.55.

The historical rank and industry rank for Verizon Communications's Dividend Payout Ratio or its related term are showing as below:

VZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 0.68
Current: 0.58

During the past 13 years, the highest Dividend Payout Ratio of Verizon Communications was 0.68. The lowest was 0.30. And the median was 0.51.

VZ's Dividend Payout Ratio is ranked worse than
52.88% of 191 companies
in the Telecommunication Services industry
Industry Median: 0.53 vs VZ: 0.58

As of today (2026-06-25), the Dividend Yield % of Verizon Communications is 5.97%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Verizon Communications was 8.56%. The lowest was 3.91%. And the median was 4.84%.

Verizon Communications's Dividends per Share for the months ended in Mar. 2026 was $0.71.

During the past 12 months, Verizon Communications's average Dividends Per Share Growth Rate was 2.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Verizon Communications was 7.30% per year. The lowest was 0.00% per year. And the median was 2.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Verizon Communications (NYSE:VZ) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Verizon Communications Dividend Payout Ratio Related Terms

Verizon Communications Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Verizon Communications's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Verizon Communications Dividend Payout Ratio Chart

Verizon Communications Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.49 0.56 0.59 0.58

Verizon Communications Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.56 0.57 0.63 0.55

VZ vs TMUS, T, CMCSA: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, Verizon Communications's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Verizon Communications Dividend Payout Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Verizon Communications's Dividend Payout Ratio falls into.


VZ
64GF Score
Verizon Communications Inc VZ
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Verizon Communications Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Verizon Communications's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2.735/ 4.71
=0.58

Verizon Communications's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.708/ 1.28
=0.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.55 mean?
Verizon Communications (VZ) has a Dividend Payout Ratio of 0.55 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Verizon Communications and its competitors. This is near median its historical median of 0.51. Over the past decade, Verizon Communications' Dividend Payout Ratio has ranged from 0.30 to 0.68. According to the industry distribution chart, Verizon Communications ranks #101 out of 191 companies in the Telecommunication Services industry, placing it in the top 52.9%.
Is Verizon Communications' Dividend Payout Ratio too high?
Verizon Communications' current Dividend Payout Ratio of 0.55 is near median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.68. The Telecommunication Services industry median Dividend Payout Ratio is 0.53. Verizon Communications' value of 0.55 is 3.8% above this industry median. Based on the distribution chart, Verizon Communications ranks #101 out of 191 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Verizon Communications has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Verizon Communications' Dividend Payout Ratio compare to TMUS and T?
According to the Telecommunication Services industry distribution chart, Verizon Communications ranks #101 out of 191 companies for Dividend Payout Ratio. This places Verizon Communications in the lower half of its industry. The industry median Dividend Payout Ratio is 0.53. Verizon Communications' value of 0.55 is 3.8% above this benchmark. Historically, Verizon Communications' own Dividend Payout Ratio has ranged from 0.30 to 0.68 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.53, Verizon Communications has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Telecommunication Services company?
The median Dividend Payout Ratio among Telecommunication Services companies is 0.53, based on 191 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Verizon Communications's current Dividend Payout Ratio of 0.55 is 3.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Verizon Communications and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verizon Communications's current Dividend Payout Ratio is 0.55, which is near median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verizon Communications stock overvalued right now?
Based on GuruFocus' analysis, Verizon Communications (VZ) is currently considered Fairly Valued. The stock's GF Value™ is $42.49, compared to a current price of $46.07 — trading 8.4% above its estimated fair value. The current Dividend Payout Ratio is 0.55, which is near median its 10-year median of 0.51 and 3.8% above the Telecommunication Services industry median of 0.53. Verizon Communications' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Verizon Communications (VZ), the current Dividend Payout Ratio is 0.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Verizon Communications (VZ) Overvalued in 2026?

Based on GuruFocus' analysis, Verizon Communications stock appears to be overvalued. The current stock price of $46.07 is trading 8.4% above its estimated GF Value™ of $42.49. GuruFocus considers Verizon Communications to be Fairly Valued.

Key valuation signals for VZ:

  • Dividend Payout Ratio: 0.55 (near median its 10-year median of 0.51)
  • GF Value™: $42.49 vs. price of $46.07 (8.4% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 3.8% above the Telecommunication Services median (#101 of 191)

No single metric tells the full story. See the VZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Verizon Communications Business Description

Address 1095 Avenue of the Americas, New York, NY, USA, 10036
Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.
64GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.07
Price
$42.49
GF Value