VIV TELEFONICA BRASIL S.A.
Price Chart
Executive Summary
Telefonica Brasil's Fiscal Council approved a proposal to declare R$600 million (gross) in Interest on Capital (IoC), equivalent to R$0.1878 per share gross (R$0.1549 net). The IoC will be credited to shareholders of record on May 27, 2026, with ex-IoC date on May 28, and payment by April 30, 2027. This is a routine capital return event that allocates the IoC toward the mandatory minimum dividend for FY2026.
Actionable Insight
The IoC declaration is a routine capital return event consistent with Telefonica Brasil's historical payout policy. The ~R$0.19/share gross distribution is modest relative to the stock price. Monitor the ex-IoC date (May 28) for a standard dividend adjustment. No material impact on the company's operations or credit profile is expected.
Key Facts
- Fiscal Council unanimously approved a proposal to declare R$600,000,000 (gross) in Interest on Capital (IoC)
- Gross IoC per share: R$0.18775779427; net per share (after 17.5% withholding tax): R$0.15490018027
- Record date for IoC entitlement: May 27, 2026; shares trade ex-IoC from May 28, 2026
- Net IoC amount will be allocated to the mandatory minimum dividend for FY2026, payable by April 30, 2027
- Proposal is subject to approval by the Board of Directors and ad referendum to the 2027 Ordinary General Meeting
Financial Impact
R$600 million gross capital return (approximately $110M USD at current BRL/USD rates), representing roughly 0.24% of the $45.6B market cap
Risk Factors
- No material risks identified — this is a routine capital allocation decision
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003095 |
| Document: 0001292814-26-003095-index-headers.html | 0001292814-26-003095 |
| Document: 0001292814-26-003095-index.html | 0001292814-26-003095 |
| Document: 0001292814-26-003095.txt | 0001292814-26-003095 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 22, 2026
1d ago
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6-K
| — | awaiting T+5 | — | — |
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May 15, 2026
8d ago
|
6-K
| — | awaiting T+5 | — | — |
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May 15, 2026
8d ago
|
6-K
| — | awaiting T+5 | — | — |
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May 15, 2026
8d ago
|
6-K
| — | awaiting T+5 | — | — |
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May 15, 2026
8d ago
|
6-K
| — | awaiting T+5 | — | — |
|
May 11, 2026
12d ago
|
6-K
| $14.74 $14.09 | ▼ −4.41% | ▼ −4.32% | $13.38 (−9.23%) |
|
Apr 27, 2026
26d ago
|
6-K
| $15.68 $15.76 | ▲ +0.51% | ▼ −1.18% | $13.38 (−14.67%) |
|
Apr 27, 2026
26d ago
|
6-K
| $15.68 $15.76 | ▲ +0.51% | ▼ −1.18% | $13.38 (−14.67%) |
|
Mar 30, 2026
7w ago
|
6-K
| $15.86 $16.52 | ▲ +4.15% | ▲ +0.20% | $13.38 (−15.66%) |
|
Mar 27, 2026
8w ago
|
6-K
| $15.21 $15.81 | ▲ +4.00% | ▲ +0.14% | $13.38 (−12.01%) |
US Market Status
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