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Telefonica Brasil Approves R$180 Million Interest on Capital Distribution
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Telefonica Brasil Approves R$180 Million Interest on Capital Distribution

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Telefonica Brasil ( (VIV) ) has provided an announcement.

On February 11, 2025, Telefonica Brasil’s Fiscal Council held a meeting where they approved a proposal to declare Interest on Capital (IoC) based on the January 31, 2025 balance sheet. The gross amount approved was R$180 million, translating to R$153 million net of withholding tax, which will be distributed to shareholders recorded by February 24, 2025. This declaration aligns with the company’s policy for distributing mandatory dividends for the fiscal year ending December 31, 2025, highlighting Telefonica Brasil’s commitment to delivering shareholder value and maintaining transparency in its financial operations.

More about Telefonica Brasil

Telefonica Brasil S.A. is a leading telecommunications company in Brazil, offering a range of services including mobile and fixed-line telephony, broadband, and pay television. The company focuses on enhancing connectivity and digital services in the Brazilian market, aiming to meet the increasing demands for telecommunication services in one of South America’s largest economies.

YTD Price Performance: 18.95%

Average Trading Volume: 932,037

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $14.72B

For an in-depth examination of VIV stock, go to TipRanks’ Stock Analysis page.

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