Telefonica Brasil S.A. (VIV) to Issue Dividend of $0.46 on June 21st

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 Sunday, June 21st. The ex-dividend date is Friday, May 22nd.

Telefonica Brasil has decreased its dividend payment by an average of 0.2%per year over the last three years. Telefonica Brasil has a dividend payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. 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%

VIV opened at $13.69 on Wednesday. Telefonica Brasil has a fifty-two week low of $9.51 and a fifty-two week high of $17.25. The business has a 50-day moving average of $15.71 and a 200-day moving average of $14.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market capitalization 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 posted its quarterly earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. Equities research analysts forecast that Telefonica Brasil will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Telefonica Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its position in Telefonica Brasil by 43,665.3% during the first quarter. NewEdge Advisors LLC now owns 31,511 shares of the Wireless communications provider’s stock worth $501,000 after acquiring an additional 31,439 shares during the period. Opal Capital LLC bought a new position in Telefonica Brasil during the first quarter worth $4,255,000. EverSource Wealth Advisors LLC increased its position in Telefonica Brasil by 61.2% during the first quarter. EverSource Wealth Advisors LLC now owns 9,840 shares of the Wireless communications provider’s stock worth $157,000 after acquiring an additional 3,736 shares during the period. Royal Bank of Canada lifted its stake in shares of Telefonica Brasil by 0.5% in the first quarter. Royal Bank of Canada now owns 392,178 shares of the Wireless communications provider’s stock valued at $6,240,000 after buying an additional 2,019 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Telefonica Brasil by 12.4% in the first quarter. Quantinno Capital Management LP now owns 190,338 shares of the Wireless communications provider’s stock valued at $3,028,000 after buying an additional 21,073 shares during the period. Institutional investors own 5.16% of the company’s stock.

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.