Monitor for Board approval and final ex-date confirmation (July 27). The IoC yield is modest (roughly 0.6% based on current price), providing a predictable but non-transformative income stream. No operational or earnings data in this filing — focus remains on upcoming quarterly results for fundamental direction.
Price Chart
Executive Summary
Telefonica Brasil's Fiscal Council unanimously approved a proposal to declare Interest on Capital (IoC) of R$500 million gross (R$412.5 million net), based on the June 30, 2026 balance sheet. The R$0.1565 gross per share IoC will be credited to shareholders of record as of July 27, 2026 (ex-IoC thereafter), with payment due by April 30, 2027. This is a routine capital return event for a stable telecom, awaiting Board approval.
Key Facts
- IoC gross amount: R$500,000,000.00 (R$412,500,000.00 net after 17.5% withholding tax)
- Gross IoC per share: R$0.156464828562; net IoC per share: R$0.129083483561
- Ex-IoC date: July 27, 2026 (based on shareholding position at end of that day)
- Payment to be made by April 30, 2027; net IoC allocated to FY2026 mandatory minimum dividend
- Fiscal Council meeting held July 14, 2026; filing dated July 16, 2026
Financial Impact
R$500 million gross IoC represents approximately 0.4-0.5% of Telefonica Brasil's $22.3B market cap, a modest capital return.
Risk Factors
- IoC proposal still requires Board approval (ad referendum to 2027 OGM); could be modified or delayed
- Share buyback program in effect may slightly adjust per-share amounts
- No operational or financial performance data disclosed in this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (VIV) — Batch item 1 | 0001292814-26-003796 |
| Document: 0001292814-26-003796-index-headers.html | 0001292814-26-003796 |
| Document: 0001292814-26-003796-index.html | 0001292814-26-003796 |
| Document: 0001292814-26-003796.txt | 0001292814-26-003796 |
| 6-K Filing (VIV) — Batch item 5 | 0001292814-26-003796 |
| Document: 0001292814-26-003796-index-headers.html | 0001292814-26-003796 |
| Document: 0001292814-26-003796-index.html | 0001292814-26-003796 |
| Document: 0001292814-26-003796.txt | 0001292814-26-003796 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 16, 2026 11w ago | 6-K | $13.95 $11.41 | ▼ −18.21% | ▼ −22.65% | $11.54 (−17.28%) |
May 27, 2026 18w ago | 6-K | $13.33 $13.45 | ▲ +0.90% | ▲ +4.05% | $11.54 (−13.43%) |
May 22, 2026 19w ago | 6-K | $13.42 $13.21 | ▼ −1.60% | ▲ +0.35% | $11.54 (−14.04%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.47 $13.21 | ▼ −1.93% | ▼ −4.05% | $11.54 (−14.33%) |
May 11, 2026 20w ago | 6-K | $14.74 $12.81 | ▼ −13.09% | ▼ −12.79% | $11.54 (−21.71%) |
Apr 27, 2026 22w ago | 6-K | $15.68 $13.50 | ▼ −13.90% | ▼ −19.37% | $11.54 (−26.40%) |
Apr 27, 2026 22w ago | 6-K | $15.68 $13.50 | ▼ −13.90% | ▼ −19.37% | $11.54 (−26.40%) |
US Market Status
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