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Telefonica Brasil ( (VIV) ) has provided an announcement.
On April 15, 2026, Telefônica Brasil’s board approved the distribution of R$365 million in interest on capital (IoC), based on the March 31, 2026 balance sheet, with a standard 17.5% withholding tax reducing the net amount to R$301.125 million. The declared IoC, corresponding to R$0.11421932485 gross per share (R$0.094230943 net), will count toward the mandatory 2026 dividend, underscoring the company’s ongoing cash-return policy to shareholders.
Shareholders on record at the close of April 27, 2026 will be entitled to the payment, after which the shares will trade ex-IoC, with disbursement to be completed by April 30, 2027 on a date to be set by management. The per-share amount may be adjusted to reflect shares repurchased under the existing buyback program, and investors under differentiated or exempt tax regimes must validate their status by May 4, 2026, highlighting the operational and tax nuances around the distribution.
The most recent analyst rating on (VIV) stock is a Hold with a $15.30 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Spark’s Take on VIV Stock
According to Spark, TipRanks’ AI Analyst, VIV is a Outperform.
The score is driven primarily by solid financial fundamentals (notably strong cash generation) and a constructive earnings-call outlook focused on cash conversion and shareholder returns. Technicals are supportive but overbought, and valuation is the main drag due to a relatively high P/E versus a moderate dividend yield.
To see Spark’s full report on VIV stock, click here.
More about Telefonica Brasil
Telefônica Brasil S.A., which operates under the Vivo brand, is a leading telecommunications provider in Brazil, offering mobile, fixed-line, broadband and digital services nationwide. The company focuses on mass-market and corporate customers, competing in a highly consolidated telecom market and serving as one of the main infrastructure players in the country’s connectivity and data services landscape.
Average Trading Volume: 985,295
Technical Sentiment Signal: Buy
Current Market Cap: $26.92B
See more insights into VIV stock on TipRanks’ Stock Analysis page.