Verizon’s dividend yield
In this article, we’ll discuss Verizon’s (VZ) dividend yield compared to those of its peers such as AT&T (T). Dividend yield is the measure of a company’s annual dividend per share relative to its price per share. It indicates how much cash an investor is getting for every dollar invested in a company’s equity.
Verizon’s dividend yield was ~4.6% on March 7, 2017, lower than AT&T’s metric of ~4.7%.
In 4Q16, Verizon declared a quarterly dividend of $0.58 per share, up 2.2% compared to the same quarter last year. Verizon paid total dividends of $9.3 billion in 2016.
Verizon used almost all of its adjusted free cash flow to pay dividends in 2016, a drastic rise compared to its normal 40%–60% range.