Quick Read
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1,000 shares of VZ produce $2,830 in annual dividend income, part of a 20-year consecutive increase streak the CFO calls “ironclad.”
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Verizon’s operating cash flow covers its dividend 3.2 times, and 2026 free cash flow guidance tops $21 billion with buybacks now restarted.
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CEO Schulman and CFO Skiadas have consistently added phantom stock units every few weeks since March 2026, with no broad insider selling.
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Passive income is the rare line on a household balance sheet that does not care whether you showed up to work, whether the market opened green, or whether your employer is still hiring. It arrives on a schedule.
For income-focused investors, the appeal is concrete: it is the difference between a portfolio that has to be sold to fund retirement and one that funds it on its own. Dividend equities pull that off without the friction of rental tenants or the lockups of private credit.
Telecom is one of the few sectors built for this job. The infrastructure is laid, the cash flows are recurring, and the payouts are written into the capital allocation plan. Verizon (NYSE:VZ) sits at the top of that list, a Dow component with 20 consecutive years of dividend increases and a CFO who recently called the payout “ironclad.”
We screened our 24/7 Wall St. dividend equity research database for blue chips that turn a fixed share count into a meaningful annual paycheck, and Verizon stands out as a stock where just 1,000 shares can generate over $2,800 a year in passive annual income at the time of this writing.
Verizon: The Math on 1,000 Shares
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Current price: $46.95
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Yield: 6.08%
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Cost of 1,000 shares: $46,950
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Quarterly dividend: $0.7075
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Annual passive income: $2,830
The math is clean. At $0.7075 per share per quarter, 1,000 shares of Verizon produce $2,830 in annual dividend income, a forward yield of roughly 6% on a $46,950 position. That figure assumes the current quarterly rate holds for four payments. Given the streak, the next raise is more likely than not.
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Why The Yield Is This High
Verizon is the largest U.S. wireless carrier, with roughly 146.8 million wireless retail connections and two reporting segments: Verizon Consumer at $26.45 billion in Q1 2026 revenue and Verizon Business at $7.42 billion.
The yield is structurally high because the business is mature, capital-intensive, and slow-growth. Spectrum, 5G, and fiber buildouts absorb capital that a faster-growing company would plow back into expansion. Verizon returns it to shareholders instead.
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