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

Telefonica Brasil S.A. (NYSE:VIVGet Free Report) announced a dividend on Friday, January 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.4562 per share by the Wireless communications provider on Sunday, June 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 2.9%

Shares of NYSE:VIV opened at $13.69 on Wednesday. Telefonica Brasil has a 12 month low of $9.51 and a 12 month high of $17.25. The company’s 50-day moving average price is $15.71 and its two-hundred day moving average price is $14.24. 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 market cap of $22.26 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.82 and a beta of 0.63.

Telefonica Brasil (NYSE:VIVGet Free Report) last issued its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. As a group, research analysts forecast that Telefonica Brasil will post 0.88 EPS for the current fiscal 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.

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Dividend History for Telefonica Brasil (NYSE:VIV)

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