Telefonica Brasil SA (VIV) to Issue Dividend of $0.23

Telefonica Brasil SA (NYSE:VIV) declared a dividend on Friday, December 15th, NASDAQ reports. Stockholders of record on Thursday, December 28th will be given a dividend of 0.231 per share by the Wireless communications provider on Thursday, December 28th. The ex-dividend date of this dividend is Wednesday, December 27th. This is a positive change from Telefonica Brasil’s previous dividend of $0.05.

Telefonica Brasil has decreased its dividend payment by an average of 44.7% annually over the last three years and has raised its dividend annually for the last 4 consecutive years.

Telefonica Brasil (VIV) opened at $15.09 on Friday. The firm has a market cap of $25,904.57, a P/E ratio of 19.17, a PEG ratio of 1.50 and a beta of 1.35. Telefonica Brasil has a 1-year low of $12.83 and a 1-year high of $16.85. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.07.

Several research analysts have recently weighed in on the stock. Santander cut shares of Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reiterated a “hold” rating and issued a $15.60 price target on shares of Telefonica Brasil in a report on Thursday, November 2nd. Barclays upped their price target on shares of Telefonica Brasil from $17.00 to $17.50 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Telefonica Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $16.03.

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Telefonica Brasil Company Profile

Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.

Dividend History for Telefonica Brasil (NYSE:VIV)

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