On Friday, January 30, 2026, the Board of Directors of Verizon Communications Inc. (NYSE: VZ) announced a quarterly dividend increase from $0.69 to $0.7075 per share. The dividend will be payable on May 1, 2026, to shareholders of record as of April 10, 2026. This represents a 2.54% increase over the prior quarterly dividend.
Current Dividend Yield and Income Impact
At today’s opening price of $44.64, this dividend increase raises Verizon’s forward dividend yield to approximately 6.34%, reinforcing VZ’s position as a high-yield income stock within the telecommunications sector.
As an owner of 250 shares of Verizon, this increase adds $13.04 to my projected annual net dividend income.
Verizon last raised its dividend in September 2025, making this the second dividend increase within a year, which came as a welcome surprise. This suggests the timing of VZ’s dividend increases may be shifting, and the next potential increase could occur in early 2027. Only time will tell.
Long-Term Dividend Growth Track Record
Verizon is a Dividend Contender with a 21-year streak of dividend increases, highlighting its commitment to returning capital to shareholders. According to Dividend Champions data, Verizon’s dividend growth rates remain modest but consistent:
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1-year: 1.9%
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3-year: 1.9%
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5-year: 1.9%
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10-year: 2.1%
This increase marks the sixth consecutive dividend raise I’ve received from Verizon since initiating my position in June 2021. Over this period, the quarterly dividend has grown from $0.6275 to $0.7075 per share, representing a 12.8% increase.
At the time of writing, VZ accounts for approximately 1.17% of my portfolio and contributes about 1.89% of my projected annual dividend income. Following this increase, my yield on cost stands at 6.21%.
Quick Valuation Take
At current levels, Verizon appears attractively valued, with the elevated dividend yield reflecting lingering investor concerns around debt levels and growth. For income-focused investors, the valuation compensates for slower dividend growth, making VZ appealing as a yield-oriented holding rather than a growth play.
Dividend Safety and Outlook
Verizon’s dividend appears secure, supported by recurring cash flows from wireless and broadband services. While capital intensity and debt remain ongoing considerations, management’s commitment to maintaining and growing the dividend—combined with stable demand—suggests continued low but reliable dividend growth going forward.
Final Thoughts
This unexpected second dividend increase within a year reinforces Verizon’s role as a high-yield income anchor in my portfolio. While dividend growth remains modest, the combination of yield, stability, and predictability makes VZ a solid long-term income holding.
Summary of 2026 Dividend Increases / Cuts
Full Disclosure: Long VZ
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