Telefónica (BME: TEF) dividends paid
Telefónica paid €1,857m in dividends in fiscal 2025, 1.6% less than in fiscal 2024 (€1,887m). It is the total cash paid according to its cash flow statement, not the dividend per share.
Dividends paid by fiscal year
| Fiscal year | Dividends paid | Change | Payout ratio |
|---|---|---|---|
| 2025 | €1,857m | −1.6% | — |
| 2024 | €1,887m | −11.8% | — |
| 2023 | €2,139m | +53.1% | — |
| 2022 | €1,397m | −61.5% | 69.5% |
| 2021 | €3,630m | +180.1% | 44.6% |
| 2020 | €1,296m | −52.7% | 81.9% |
| 2019 | €2,742m | — | 240.1% |
The figure for each fiscal year is the total cash paid in dividends according to the cash flow statement in the annual accounts. It is not the dividend per share and may include amounts paid to minority shareholders of subsidiaries. It covers closed fiscal years and is not a forecast. The change compares each fiscal year with the one before and is not shown when the amount paid is more than ten times the previous one. The payout ratio divides dividends paid by net income for the same fiscal year and is not calculated when net income was not positive. Figures are in millions of euros.
Questions about the dividends of Telefónica
- How much did Telefónica pay in dividends in fiscal 2025?
- Telefónica paid €1,857m in dividends in fiscal 2025, according to its cash flow statement; in fiscal 2024 it paid €1,887m.
- What share of its profit did Telefónica pay out?
- In fiscal 2025 Telefónica reported a net loss of €4,318m, so the payout ratio is not calculated.
- In which year did Telefónica pay the most in dividends?
- Of its last 7 fiscal years with the figure, fiscal 2021, with €3,630m paid in dividends.
- Where do the figures for Telefónica come from?
- From the report Telefónica files every year in the European single electronic format (ESEF), the same one the CNMV, the Spanish regulator, receives. Each fiscal year links to its filing.
Where each figure comes from
From the annual report Telefónica files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020. More on Telefónica: the Telefónica page · annual accounts · revenue · net income.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.