Telefonica Brasil S.A. (NYSE:VIV – Get Free Report) announced a dividend on Friday, January 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.4562 per share by the Wireless communications provider on Sunday, June 21st. The ex-dividend date of this dividend 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 payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance
Shares of VIV stock opened at $13.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.10. The company has a market capitalization of $22.26 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.63. The company’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $14.24. Telefonica Brasil has a 52 week low of $9.51 and a 52 week high of $17.25.
Institutional Investors Weigh In On Telefonica Brasil
A number of institutional investors have recently modified their holdings of VIV. Invesco Ltd. boosted its position in shares of Telefonica Brasil by 138.8% in the third quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider’s stock valued at $36,422,000 after acquiring an additional 1,660,475 shares during the period. Jane Street Group LLC bought a new stake in shares of Telefonica Brasil in the second quarter valued at about $4,192,000. Kapitalo Investimentos Ltda bought a new stake in shares of Telefonica Brasil in the fourth quarter valued at about $4,211,000. Carrera Capital Advisors boosted its position in shares of Telefonica Brasil by 2,420.5% in the third quarter. Carrera Capital Advisors now owns 344,055 shares of the Wireless communications provider’s stock valued at $4,387,000 after acquiring an additional 330,405 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Telefonica Brasil by 477.6% in the third quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider’s stock valued at $5,001,000 after acquiring an additional 324,319 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.
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