VIV TELEFONICA BRASIL S.A.

NEUTRAL Impact: 3/10 6-K
Horizon days Filed May 15, 2026 Processed 25d 11h ago SEC 0001292814-26-003093
Notable filing: 6-K
Latest settled — T+5d ⚠ clustered
VIV ▼ -0.84% at T+5d
NEUTRAL call ✗ call lost -0.84% · α vs SPY -2.46% · entry $13.54 → $13.42
Next anchor: T+20d in 5d
Last close $12.81 (close Jun 8) · -5.38% from $13.54 entry
Entry anchored
May 15, 2026
via day open
T+1d
-2.56%
call -2.56% · α -1.91%
$13.19
settled 23d ago
T+5d
-0.84%
call -0.84% · α -2.46%
$13.42
settled 19d ago
T+20d
call — · α —
in 5d
T+60d
call — · α —
in 2mo

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Executive Summary

Telefonica Brasil's Board of Directors approved a declaration of Interest on Capital (IoC) of R$600 million gross (R$495 million net), or R$0.1878 per share gross (R$0.1549 net), based on the April 30, 2026 balance sheet. The ex-IoC date is May 27, 2026, and payment will occur by April 30, 2027, with the net amount allocated to the mandatory minimum dividend for FY2026. This is a routine capital return event with no material impact on the company's operations or financial health.

Actionable Insight

The IoC declaration is a routine capital return event consistent with Telefonica Brasil's dividend policy. The ex-date on May 27 will result in a small adjustment to the stock price. No material impact on operations or growth outlook — monitor the next earnings release for any changes to the company's capital allocation strategy.

Key Facts

  • Board approved R$600 million gross Interest on Capital (IoC) declaration
  • Net IoC amount is R$495 million after 17.5% withholding tax
  • Gross IoC per share: R$0.18775779427; net per share: R$0.15490018027
  • Ex-IoC date: May 27, 2026
  • Payment to be made by April 30, 2027
  • Net IoC allocated to mandatory minimum dividend for fiscal year ending December 31, 2026

Financial Impact

R$600 million gross capital return (R$495 million net), representing approximately 1.3% of market cap based on $45.6B market cap and current BRL/USD exchange rate

dividendcapital allocation

Risk Factors

  • No material risks identified from this filing
  • Per-share amounts may change slightly due to share buyback program activity before the record date

Market Snapshot

Exchange
NYSE
Sector
Telephone Communications (No Radiotelephone)
Analyst Consensus
60% bullish (20 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001292814-26-003093
Document: 0001292814-26-003093-index-headers.html0001292814-26-003093
Document: 0001292814-26-003093-index.html0001292814-26-003093
Document: 0001292814-26-003093.txt0001292814-26-003093
11 reports for VIV
Performance horizon
Filters
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Reports for VIV — sortable, filterable
Type Now
May 27, 2026
13d ago
6-K
NEUTRAL ★ 2/10
$13.33 $13.16▼ −1.28%▼ −1.59%$12.81 (−3.90%)
May 22, 2026
18d ago
6-K
NEUTRAL ★ 3/10
$13.42 $13.49▲ +0.49%▼ −0.72%$12.81 (−4.58%)
May 15, 2026
25d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$12.81 (−5.38%)
May 15, 2026
25d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$12.81 (−5.38%)
May 15, 2026
25d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$12.81 (−5.38%)
May 15, 2026
25d ago
6-K
NEUTRAL ★ 4/10
$13.47 $13.31▼ −1.23%▼ −2.19%$12.81 (−4.90%)
May 11, 2026
29d ago
6-K
NEUTRAL ★ 2/10
$14.74 $14.09▼ −4.41%▼ −4.32%$12.81 (−13.09%)
Apr 27, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$15.68 $15.76▲ +0.51%▼ −1.18%$12.81 (−18.30%)
Apr 27, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$15.68 $15.76▲ +0.51%▼ −1.18%$12.81 (−18.30%)
Mar 30, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$15.86 $16.52▲ +4.15%▲ +0.20%$12.81 (−19.25%)
Showing 10 of 11

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