TEF Dividend History & Analysis | 6.7% Yield

TEF has a dividend yield of 6.7% and paid 0.24 EUR per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 6.69%
Payout Ratio 111.1%
Growth Rate CAGR 5y 0.3%
Consistency Lifetime 98.3%
Yield on Cost 5y 8.7%
Payout FCF 42%
Streak Years 5
Dividend Rating 59.2%
Chowder Number yield + growth 6.9% below 12% target for healthy growth
Yield vs Average 5y +12.6% avg 5.94% vs now 6.69%
Debt / EBITDA leverage 3.7x moderate
Income per 10k invested 669 EUR per year
Dividends Cash Amount per Share Yearly TEF annual dividends paid per share, showing the total cash Telefonica distributed to shareholders each year.
Dividend Growth Year over Year TEF year-over-year dividend growth rate, showing how Telefonica's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History TEF dividend yield history versus share price over the past 5 years, showing how Telefonica's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Integrated Telecommunication Services

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
FNTN XETRA
freenet
3,172 M 8.26% 14.73%
VIV NYSE
Telefonica Brasil
21,171 M 6.40% 14.10%
TEF MC
Telefonica
22,872 M 6.69% 8.67%
TEL OL
Telenor ASA
19,957 M 5.94% 9.16%
ORA PA
Orange S.A.
48,215 M 4.72% 10.71%
Z74 SG
Singapore Telecommunications
56,596 M 4.26% 9.90%
TEO NYSE
Telecom Argentina
5,406 M 3.48% 10.36%
TELIA ST
Telia
18,418 M 5.05% 7.00%
KPN AS
Koninklijke KPN
18,228 M 4.17% 8.41%
VZ NYSE
Verizon Communications
175,666 M 4.95% 6.72%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
Z74 SG
Singapore Telecommunications
56,596 M 23.04% 100.0%
IDT NYSE
IDT
1,463 M 19.35% 100.0%
DTE XETRA
Deutsche Telekom
139,033 M 12.14% 100.0%
KPN AS
Koninklijke KPN
18,228 M 7.97% 100.0%
FNTN XETRA
freenet
3,172 M 7.36% 100.0%
VZ NYSE
Verizon Communications
175,666 M 2.04% 100.0%
ORA PA
Orange S.A.
48,215 M 2.19% 99.2%
TEL OL
Telenor ASA
19,957 M 1.34% 100.0%
SCMN SW
Swisscom
39,318 M 3.40% 97.0%
TEF MC
Telefonica
22,872 M 0.25% 98.3%

TEF Dividend History

Dividend Monthly Return EX date, 4.6 years of data

Jan - -
Feb - -
Mar - -
Apr - -
May - -
Jun 2.93% 100
Jul - -
Aug - -
Sep - -
Oct - -
Nov - -
Dec 3.27% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 10 Payments (EUR) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-16 2026-06-18 Interim 0.1215 0% 3.22%
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 0% 3.11%

TEF Dividend FAQ

What is the Dividend Yield of TEF?

As of July 2026, TEF's dividend yield is 6.69%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.24 EUR by the current share price of 3.48.

Does TEF pay a dividend?

As of July 2026, TEF paid a dividend of 0.24 EUR in the last 12 months. The last dividend was paid on 2026-06-16 and the payout was 0.1215 EUR.

How often does TEF pay dividends?

TEF pays dividends semi-annually. Over the last 12 months, TEF has issued 2 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 0.119 (-2.1%) and 0.119 (-2.1%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 6.85%.

Will TEF pay dividends in 2026?

The latest dividend paid per share was 0.1215 EUR with an Ex-Dividend Date of 2026-06-16. The next Ex-Dividend date for Telefonica (TEF) is currently unknown.

What is the next Ex-Dividend Date for TEF?

The next Ex-Dividend date for Telefonica (TEF) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of TEF?

TEF's average dividend growth rate over the past 5 years is 0.25% per year. Weak growth: TEF's dividend growth is lower than inflation.

What is the Yield on Cost of TEF?

TEF's 5-Year Yield on Cost is 8.67%. If you bought TEF's shares at 2.80 EUR five years ago, your current annual dividend income (0.24 EUR per share, trailing 12 months) equals 8.67% of your original purchase price.

What is the Payout Consistency of TEF?

TEF Payout Consistency is 98.3%. 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. Very consistent: Telefonica has a strong track record of consistent dividend payments over its lifetime.

Does TEF have a good Dividend Yield?

TEF's 6.69% 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 59.19%. 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: 2026-07-02 03:57 UTC