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Telefônica Brasil S.A. Declares R$1.2 Billion Interest on Capital

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Telefônica Brasil S.A. Declares R$1.2 Billion Interest on Capital

The latest update is out from Telefonica Brasil ( (VIV) ).

Telefônica Brasil S.A.’s Fiscal Council unanimously approved a proposal to declare Interest on Capital (IoC) amounting to R$1,200,000,000.00 gross, which translates to R$1,020,000,000.00 net after withholding tax. This decision is based on the balance sheet as of November 30, 2024, and is aimed at being included in the minimum mandatory dividend for the fiscal year ending December 31, 2024. The IoC will be credited to shareholders recorded by December 26, 2024, with payments scheduled by April 30, 2025. This move reflects the company’s compliance with legislation and ensures shareholder value is maintained.

More about Telefonica Brasil

Telefônica Brasil S.A. operates in the telecommunications industry, primarily offering communication services and solutions across Brazil. The company is focused on providing a wide range of telecom services, including mobile and fixed-line telephony, broadband, and digital services to both individual and corporate clients.

YTD Price Performance: -18.27%

Average Trading Volume: 709,311

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $14.4B

For detailed information about VIV stock, go to TipRanks’ Stock Analysis page.

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