Telefônica Brasil S.A. (NYSE:VIV) Announces $0.04 — Dividend

Telefônica Brasil S.A. (NYSE:VIV) declared a — dividend on Monday, August 19th, Wall Street Journal reports. Stockholders of record on Friday, January 1st will be paid a dividend of 0.0379 per share by the Wireless communications provider on Tuesday, August 27th. This represents a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 27th.

Telefônica Brasil has increased its dividend by an average of 9.2% per year over the last three years.

Telefônica Brasil Stock Performance

Shares of VIV stock opened at $9.68 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.90 and a beta of 0.79. Telefônica Brasil has a one year low of $8.02 and a one year high of $11.43. The company has a 50 day moving average price of $8.75 and a 200 day moving average price of $9.39.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a return on equity of 7.53% and a net margin of 9.65%. During the same quarter last year, the firm earned $0.14 earnings per share. Sell-side analysts anticipate that Telefônica Brasil will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

VIV has been the subject of several recent research reports. Barclays increased their price objective on shares of Telefônica Brasil from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Morgan Stanley raised shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.17.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.