Telefonica Brasil ( (VIV) ) has provided an announcement.
On April 1, 2025, Telefônica Brasil S.A.’s Board of Directors approved a proposal for a statement of interest on equity, amounting to a gross total of R$240 million, based on the balance sheet as of February 28, 2025. This move is part of the company’s financial strategy to allocate the net value towards the mandatory dividend for the fiscal year ending December 31, 2025, with payments scheduled by April 30, 2026, reflecting the company’s commitment to shareholder returns.
More about Telefonica Brasil
Telefônica Brasil S.A., operating under the brand name Vivo, is a major telecommunications company in Brazil. It provides a wide range of services including mobile and fixed telephony, broadband, and digital services, focusing on delivering connectivity and digital solutions to both individual and corporate customers across the country.
YTD Price Performance: 24.05%
Average Trading Volume: 877,809
Technical Sentiment Signal: Strong Sell
Current Market Cap: $14.2B
Learn more about VIV stock on TipRanks’ Stock Analysis page.