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

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 of this dividend 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% indicating that 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 Price Performance

VIV stock 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. Telefonica Brasil has a one year low of $9.51 and a one year high of $17.25. The stock has a market cap of $22.26 billion, a PE ratio of 18.49, a P/E/G ratio of 0.82 and a beta of 0.63. The firm has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $14.24.

Telefonica Brasil (NYSE:VIV) last released its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.98 billion. On average, analysts predict that Telefonica Brasil will post 0.88 EPS for the current fiscal 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.