TEF Dividend History & Analysis | 6.2% Yield

TEF has a dividend yield of 6.2% and paid 0.39 EUR per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 6.18%
Payout Ratio 111.1%
Growth Rate CAGR 5y -3.50%
Consistency Lifetime 79.3%
Yield on Cost 5y 12.89%
Payout FCF 42.0%
Streak Years 3
Dividend Rating 44.50%
Ex-Dividend in 21 days: Buy before Jun 16, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Integrated Telecommunication Services

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
FNTN 3,530 M 14.07% 14.16%
ORA 57,874 M 5.67% 15.98%
TU 19,205 M 8.45% 9.29%
VIV 21,938 M 6.55% 12.34%
VZ 201,554 M 6.61% 6.63%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
UTDI 5,292 M 39.62% 81.6%
IDT 1,321 M 20.00% 42.4%
DTE 165,072 M 10.67% 78.0%
FNTN 3,530 M 4.53% 76.9%
TU 19,205 M 3.89% 96.1%
TEF Dividend History: Last 50 Payments (EUR) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-16 2026-06-18 Interim 0.15 +23.5% N/A
2025-12-16 2025-12-18 Interim 0.1215 0% 3.47%
2025-06-17 2025-06-19 Interim 0.1215 0% 2.67%
2024-12-17 2024-12-19 Interim 0.1215 0% 2.96%
2024-06-18 2024-06-20 Interim 0.1215 0% 3.03%
2023-12-12 2023-12-14 Final 0.1215 0% 3.14%
2023-06-13 2023-06-15 Interim 0.1215 0% 3.27%
2022-12-13 2022-12-15 Interim 0.1215 +1.4% 3.64%
2022-06-01 2022-06-24 Final 0.1199 0% 2.45%
2021-12-01 2021-12-03 Interim 0.1199 -25.3% 3.11%
2021-06-01 2021-06-17 Final 0.1604 +2.1% 4.1%
2020-12-11 2020-12-30 Interim 0.1571 +0.5% N/A
2020-06-17 2020-07-03 Final 0.1563 -3.5% N/A
2019-12-17 2019-12-19 Interim 0.162 0% N/A
2019-06-18 2019-06-20 Final 0.162 0% N/A
2018-12-18 2018-12-20 Interim 0.162 0% N/A
2018-06-13 2018-06-15 Final 0.162 0% N/A
2017-12-12 2017-12-14 Interim 0.162 0% N/A
2017-06-14 2017-06-16 Final 0.162 -41.2% N/A
2016-11-15 2016-12-14 Interim 0.2754 -15% N/A
2016-05-16 2016-05-19 Final 0.324 +16.7% N/A
2015-11-18 2015-12-07 Interim 0.2777 -13.2% N/A
2015-05-12 2015-05-12 Final 0.32 +20.6% N/A
2014-11-19 2014-12-08 Interim 0.2654 -16% N/A
2014-05-07 2014-05-07 Final 0.316 +14.3% N/A
2013-11-06 2013-11-06 Interim 0.2765 -34% N/A
2012-05-18 2012-06-06 Final 0.4187 -32.9% N/A
2011-11-07 0.6237 +2.7% N/A
2011-05-06 0.6075 +15.4% N/A
2010-11-08 0.5265 0% N/A
2010-05-11 0.5265 +28.4% N/A
2009-11-11 0.41 0% N/A
2009-05-12 0.41 0% N/A
2008-11-12 0.41 +25% N/A
2008-05-13 0.328 +14.3% N/A
2007-11-14 0.287 +16.7% N/A
2007-05-17 0.246 -3.5% N/A
2006-11-10 0.255 +20% N/A
2006-05-12 0.2125 -21.3% N/A
2005-11-11 0.27 +38.1% N/A
2005-05-13 0.1955 -2.3% N/A
2004-11-12 0.2 +17.6% N/A
2004-05-14 0.17 +43.7% N/A
2003-10-15 0.1183 -7.7% N/A
2003-07-03 0.1282 -53.5% N/A
1998-05-18 0.2755 +55% N/A
1998-01-19 0.1778 -25.9% N/A
1997-06-03 0.2399 +54.3% N/A
1997-01-20 0.1555 -23.9% N/A
1996-06-03 0.2044 0% N/A

TEF Dividend FAQ

What is the Dividend Yield of TEF?

As of May 2026, TEF's dividend yield is 6.18%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.39 EUR by the current share price of 4.07.

Does TEF pay a dividend?

As of May 2026, TEF paid a dividend of 0.39 EUR in the last 12 months. The last dividend was paid on 2026-06-16 and the payout was 0.15 EUR.

How often does TEF pay dividends?

TEF pays dividends quarterly. Over the last 12 months, TEF has issued 3 dividend payments. The last dividend payment was made on 2026-06-16.

TEF dividend forecast

Based on historical data, the forecasted dividends per share for TEF for the next payments are between 0.104 (-30.7%) and 0.108 (-28.0%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 5.23%.

Will TEF pay dividends in 2026?

The latest dividend paid per share was 0.15 EUR with an Ex-Dividend Date of 2026-06-16. The next Ex-Dividend date for Telefonica (TEF) is 2026-06-16.

What is the next Ex-Dividend Date for TEF?

The next Ex-Dividend date for Telefonica (TEF) is 2026-06-16.

What is the Dividend Growth of TEF?

TEF's average dividend growth rate over the past 5 years is -3.50% per year. Negative growth: TEF's dividend growth is negative and declining.

What is the Yield on Cost of TEF?

TEF's 5-Year Yield on Cost is 12.9%. If you bought TEF's shares at 3.05 EUR five years ago, your current annual dividend income (0.39 EUR per share, trailing 12 months) equals 12.9% of your original purchase price.

What is the Payout Consistency of TEF?

TEF Payout Consistency is 79.3%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Moderately consistent: Telefonica has a good track record of consistent dividend payments over its lifetime.

Does TEF have a good Dividend Yield?

TEF's 6.18% Dividend Yield is considered as high. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of TEF?

The Dividend Payout Ratio of TEF is 111.1%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of TEF?

TEF's Overall Dividend Rating is 44.50%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

TEF Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.
What is the Trend in TEF's Outstanding Shares?

Telefonica's outstanding shares have decreased by approximately 0.2% annually over the past 3 years (Trend Reliability: -43.5%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has TEF ever had a Stock Split?

Yes, the last stock split was on Mar 30, 2015 with a ratio of 618:611. This was a forward split: Each share became 1.01 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1986 3,450,565,300 0%
1987 3,450,565,300 0%
1988 3,450,565,300 0%
1989 3,450,565,300 0%
1990 3,450,565,300 0%
1991 3,450,565,300 0%
1994 3,354,294,400 0%
1995 3,447,111,700 +2.77%
1996 3,447,108,400 -0%
1997 3,722,878,300 +8%
1998 3,173,278,000 -14.76%
1999 3,922,720,400 +23.62%
2000 4,771,876,800 +21.65%
2001 5,169,171,600 +8.33%
2002 5,261,039,900 +1.78%
2003 5,151,663,200 -2.08%
2004 5,151,663,200 0%
2005 4,877,901,000 -5.31%
2006 4,828,100,000 -1.02%
2007 4,730,200,000 -2.03%
2008 4,625,800,000 -2.21%
2009 4,536,000,000 -1.94%
2010 4,512,000,000 -0.53%
2011 4,488,000,000 -0.53%
2012 4,467,000,000 -0.47%
2013 4,534,000,000 +1.5%
2014 4,665,000,000 +2.89%
2015 4,974,000,000 +6.62%
2016 5,053,000,000 +1.59%
2017 5,125,000,000 +1.42%
2018 5,127,000,000 +0.04%
2019 5,114,000,000 -0.25%
2020 5,435,000,000 +6.28%
2021 5,668,000,000 +4.29%
2022 5,699,000,000 +0.55%
2023 5,651,000,000 -0.84%
2024 5,637,000,000 -0.25%
2025 5,633,000,000 -0.07%
2026 5,626,000,000 -0.12%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-25 02:15 UTC