The yield is the dividend divided by the stock price. In your example Verizon's stock price would be higher than AT&T's resulting in a lower yield.

The yield is higher when the stock price is lower - the yield is how much, as a percentage, you get back from your investment. If you owned $100 of stock and got a $1 dividend, you would have a 1% yield (because $1 is 1% of $100). But if you owned $50 of stock and got a $1 dividend (better!), that would be a 2% yield (because $1 is 2% of $50).

$1.84 p.a. ( 0.46c*4 ) is 5.3% of $34.66, while $2.20 p.a. (0.55c*4 ) is 4.5% of $46.93.

At&t (T) stock pays a dividend of 0.46 cents with a yield of 5.30% while Verizon (VZ) pays a dividend of 0.55 cents with a yield of 4.48%

Why is the pay in VZ bigger yet the yield is smaller? I don't understand so who pays more? Why is the yield smaller with the bigger number?