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

Telefonica Brasil S.A. (NYSE:VIV) declared a dividend on Friday, January 1st. Stockholders 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 is Friday, May 22nd.

Telefonica Brasil has decreased its dividend by an average of 0.2%per year over the last three years. Telefonica Brasil has a 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 Performance

Telefonica Brasil stock opened at $13.69 on Wednesday. The business has a 50 day moving average of $15.71 and a 200-day moving average of $14.24. Telefonica Brasil has a 1 year low of $9.51 and a 1 year high of $17.25. 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 capitalization 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:VIV) last released its quarterly earnings data 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). Telefonica Brasil had a net margin of 10.49% and a return on equity of 9.32%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. On average, equities research analysts predict that Telefonica Brasil will post 0.88 earnings per share for the current year.

Institutional Trading of Telefonica Brasil

Several large investors have recently modified their holdings of VIV. Invesco Ltd. grew its position in shares of Telefonica Brasil by 138.8% during the 3rd quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock worth $36,422,000 after buying an additional 1,660,475 shares during the period. Jane Street Group LLC acquired a new stake in shares of Telefonica Brasil during the 2nd quarter worth approximately $4,192,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Telefonica Brasil during the 4th quarter worth approximately $4,211,000. Carrera Capital Advisors grew its position in shares of Telefonica Brasil by 2,420.5% during the 3rd quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider’s stock worth $4,387,000 after buying an additional 330,405 shares during the period. Finally, Millennium Management LLC grew its position in shares of Telefonica Brasil by 477.6% during the 3rd quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock worth $5,001,000 after buying an additional 324,319 shares during the period. Institutional investors and hedge funds own 5.16% of the company’s stock.

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.