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

Telefonica Brasil S.A. (NYSE:VIV) announced a dividend on Friday, January 1st. Shareholders of record on Friday, May 22nd will be given a dividend of 0.4562 per share by the Wireless communications provider on Sunday, June 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 dividend payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. Equities 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. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10. Telefonica Brasil has a 1 year low of $9.51 and a 1 year high of $17.25. The stock has a market capitalization of $22.26 billion, a P/E ratio of 18.49, a PEG ratio of 0.82 and a beta of 0.63. The stock has a 50-day simple moving average of $15.71 and a 200-day simple moving average of $14.24.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. Equities analysts forecast that Telefonica Brasil will post 0.88 earnings per share for the current year.

About Telefonica Brasil

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.