Telefonica Brasil S.A. (NYSE:VIV) Announces Dividend of $0.46

Telefonica Brasil S.A. (NYSE:VIVGet Free Report) announced a dividend on Friday, January 1st. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.4562 per share by the Wireless communications provider on Tuesday, July 21st. The ex-dividend date is Friday, May 22nd.

Telefonica Brasil has decreased its dividend payment by an average of 0.2%annually over the last three years. Telefonica Brasil has a payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Telefonica Brasil to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 43.7%.

Telefonica Brasil Stock Performance

Shares of VIV stock opened at $13.69 on Wednesday. The company has a market cap of $22.26 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.63. Telefonica Brasil has a 52 week low of $9.51 and a 52 week high of $17.25. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $15.71 and a 200-day moving average of $14.24.

Telefonica Brasil (NYSE:VIVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. On average, equities analysts forecast that Telefonica Brasil will post 0.88 earnings per share for the current year.

Telefonica Brasil Company Profile

(Get Free Report)

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.

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Dividend History for Telefonica Brasil (NYSE:VIV)

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