Telefonica Brasil S.A. (VIV) To Go Ex-Dividend on May 22nd

Telefonica Brasil S.A. (NYSE:VIV) announced 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 payment by an average of 0.2%annually over the last three years. Telefonica Brasil has a dividend payout ratio of 54.9% meaning 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 Down 2.9%

Shares of Telefonica Brasil stock opened at $13.69 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. Telefonica Brasil has a 12 month low of $9.51 and a 12 month high of $17.25. The business has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $14.24. The stock has a market cap of $22.26 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.63.

Telefonica Brasil (NYSE:VIV) last announced its quarterly earnings data on Thursday, May 7th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. Research analysts predict that Telefonica Brasil will post 0.88 EPS for the current year.

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.