VIV TELEFONICA BRASIL S.A.

NEUTRAL Impact: 3/10 6-K
Horizon days Filed May 15, 2026 Processed 28d 15h ago SEC 0001292814-26-003095
Notable filing: 6-K
Latest settled — T+5d ⚠ clustered
VIV ▼ -0.84% at T+5d
NEUTRAL call ✗ call lost -0.84% · α vs SPY -2.46% · entry $13.54 → $13.42
Next anchor: T+20d tomorrow
Currently $13.36 · -1.31% from $13.54 entry
Entry anchored
May 15, 2026
via day open
T+1d
-2.56%
call -2.56% · α -1.91%
$13.19
settled 26d ago
T+5d
-0.84%
call -0.84% · α -2.46%
$13.42
settled 22d ago
T+20d
call — · α —
tomorrow
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Telefonica Brasil's Fiscal Council approved a proposal to declare R$600 million (gross) in Interest on Capital (IoC), equivalent to R$0.1878 per share gross (R$0.1549 net). The IoC will be credited to shareholders of record on May 27, 2026, with ex-IoC date on May 28, and payment by April 30, 2027. This is a routine capital return event that allocates the IoC toward the mandatory minimum dividend for FY2026.

Actionable Insight

The IoC declaration is a routine capital return event consistent with Telefonica Brasil's historical payout policy. The ~R$0.19/share gross distribution is modest relative to the stock price. Monitor the ex-IoC date (May 28) for a standard dividend adjustment. No material impact on the company's operations or credit profile is expected.

Key Facts

  • Fiscal Council unanimously approved a proposal to declare R$600,000,000 (gross) in Interest on Capital (IoC)
  • Gross IoC per share: R$0.18775779427; net per share (after 17.5% withholding tax): R$0.15490018027
  • Record date for IoC entitlement: May 27, 2026; shares trade ex-IoC from May 28, 2026
  • Net IoC amount will be allocated to the mandatory minimum dividend for FY2026, payable by April 30, 2027
  • Proposal is subject to approval by the Board of Directors and ad referendum to the 2027 Ordinary General Meeting

Financial Impact

R$600 million gross capital return (approximately $110M USD at current BRL/USD rates), representing roughly 0.24% of the $45.6B market cap

dividend yieldshareholder equity

Risk Factors

  • No material risks identified — this is a routine capital allocation decision

Market Snapshot

Exchange
NYSE
Sector
Telephone Communications (No Radiotelephone)
Analyst Consensus
60% bullish (20 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001292814-26-003095
Document: 0001292814-26-003095-index-headers.html0001292814-26-003095
Document: 0001292814-26-003095-index.html0001292814-26-003095
Document: 0001292814-26-003095.txt0001292814-26-003095
11 reports for VIV
Performance horizon
Filters
Rows
Reports for VIV — sortable, filterable
Type Now
May 27, 2026
16d ago
6-K
NEUTRAL ★ 2/10
$13.33 $13.16▼ −1.28%▼ −1.59%$13.36 (+0.23%)
May 22, 2026
21d ago
6-K
NEUTRAL ★ 3/10
$13.42 $13.49▲ +0.49%▼ −0.72%$13.36 (−0.48%)
May 15, 2026
28d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$13.36 (−1.31%)
May 15, 2026
28d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$13.36 (−1.31%)
May 15, 2026
28d ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.42▼ −0.84%▼ −2.46%$13.36 (−1.31%)
May 15, 2026
29d ago
6-K
NEUTRAL ★ 4/10
$13.47 $13.31▼ −1.23%▼ −2.19%$13.36 (−0.82%)
May 11, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$14.74 $14.09▼ −4.41%▼ −4.32%$13.36 (−9.36%)
Apr 27, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$15.68 $15.76▲ +0.51%▼ −1.18%$13.36 (−14.80%)
Apr 27, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$15.68 $15.76▲ +0.51%▼ −1.18%$13.36 (−14.80%)
Mar 30, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$15.86 $16.52▲ +4.15%▲ +0.20%$13.36 (−15.79%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (48h 49m)

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