VIV vs VZ: Which Is the Better Dividend Stock?
As of July 2026, VIV and VZ are closely matched. VIV offers the higher yield at 6.90%, VZ has the higher dividend-safety score, and VIV trades at the larger discount to fair value (+116%).
| Metric | VIV | VZ |
|---|---|---|
| Forward yield | 6.90% | 6.49% |
| Annual dividend | $0.96 | $2.83 |
| Payout ratio | 60% | 67% |
| Years of growth | 0 yr | 21 yr |
| 5-yr dividend growth | -14.5% | 2.0% |
| 5-yr total return | 65% | -21% |
| Dividend safety score | 58 (C) | 88 (A) |
| Fair value estimate | $30.19 | $86.41 |
| Upside to fair value | +116% | +98% |
| Frequency | monthly | quarterly |
| Market cap | $22.4B | $181.6B |
| P/E ratio | 18.5 | 10.6 |
Higher yield
VIV
6.90%
Safer dividend
VZ
Grade A
Faster growth
VZ
2.0%
Better value
VIV
+116% upside
VIV vs VZ — FAQ
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