Telefonica Brasil S.A. (VIV) to Issue Dividend of $0.46 on July 21st

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

Telefonica Brasil has decreased its dividend payment by an average of 0.2%per year over the last three years. Telefonica Brasil has a dividend payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.9%

VIV opened at $13.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. 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. The firm has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $14.24. Telefonica Brasil has a fifty-two week low of $9.51 and a fifty-two week high of $17.25.

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

Telefonica Brasil Company Profile

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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.

See Also

Dividend History for Telefonica Brasil (NYSE:VIV)

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