VZ (Verizon Communications) Dividend Payout Ratio (2024)

What is Verizon Communications Dividend Payout Ratio?

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 Jun. 2024 was 0.58.

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: 0.5 Max: 0.89
Current: 0.58

During the past 13 years, the highest Dividend Payout Ratio of Verizon Communications was 0.89. The lowest was 0.30. And the median was 0.50.

VZ's Dividend Payout Ratio is ranked better than
52.17% of 184 companies
in the Telecommunication Services industry
Industry Median: 0.59 vs VZ: 0.58

As of today (2024-09-14), the Dividend Yield % of Verizon Communications is 5.99%.

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 4.60%.

Verizon Communications's Dividends per Share for the months ended in Jun. 2024 was $0.67.

During the past 12 months, Verizon Communications's average Dividends Per Share Growth Rate was 1.80% per year.During the past 3 years, the average Dividends Per Share Growth Rate was 2.00% per year.During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year.During the past 10 years, the average Dividends Per Share Growth Rate was 2.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Verizon Communications was 68.60% per year. The lowest was 0.30% per year. And the median was 2.90% 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 Dividend Payout Ratio Historical Data

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.

* Premium members only.

Verizon Communications Dividend Payout Ratio Chart

Verizon Communications Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Dividend Payout Ratio											Get a 7-Day Free Trial	0.45	0.58	0.42	0.49	0.56

Verizon Communications Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.54	0.55	0.62	0.58	0.58

Competitive Comparison of Verizon Communications's Dividend Payout Ratio

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's Dividend Payout Ratio Distribution in the 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.

Verizon Communications Dividend Payout Ratio Calculation

Verizon Communications's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.635	/	4.71
	=	0.56

Verizon Communications's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.665	/	1.15
	=	0.58

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

Thank you for viewing the detailed overview of Verizon Communications's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Verizon Communications Business Description

Industry

GURUFOCUS.COM »STOCK LIST »Communication Services » Telecommunication Services » Verizon Communications Inc (NYSE:VZ) » Definitions » Dividend Payout Ratio

See Also

VERIZON STOCK FORECAST 2024 - 2025

Comparable Companies

CMCSA T TMUS CHTR LBRDA FYBR LBTYA LUMN USM TIGO SHSE:600941 XTER:DTE NSE:BHARTIARTL TSE:9432 TSE:9984 HKSE:00728 TSE:9433 TSE:9434 MEX:AMX B SAU:7010

Traded in Other Exchanges

VZ:Peru VZ:Mexico VZ_KZ:Kazakhstan 1VZ:Italy BACd:UK 0Q1S:UK BACB:Germany BAC:Germany BAC:Germany BAC:Germany BAC:Germany VZ:Chile VZ:Canada VERZ34:Brazil VZ:Austria VZ:Argentina

Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Executives

Craig L. Silliman	officer: EVP of PubPolicy & Gen Counsel	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Samantha Hammock	officer: EVP & Chief HR Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joseph J. Russo	officer: EVP&Pres-Global Networks&Tech	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mary-lee Stillwell	officer: SVP and Controller	804 CARNEGIE CENTER, PRINCETON NJ 08540
Kyle Malady	officer: EVP & Chief Technology Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vittorio Colao	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vandana Venkatesh	officer: EVP and General Counsel	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sowmyanarayan Sampath	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tami A. Erwin	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hans Erik Vestberg	director, officer: Chairman and CEO	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Brouillette	officer: EVP and Group CEO-VZ Consumer	40 AVENUE SPRINGGROVE, MONTREAL Z4 H3C 4M8
Carol B Tome	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kumara Guru Gowrappan	officer: EVP and Group CEO-VZ Media	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Laxman Narasimhan	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Shellye L Archambeau	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036