6-K ·Filed May 15, 2026

VIV

TELEFONICA BRASIL S.A.
NEUTRAL
Impact 3/10
Horizondays Processed4mo ago SEC0001292814-26-003093
Notable filing: 6-K
Actionable Insight • Neutral

The IoC declaration is a routine capital return event consistent with Telefonica Brasil's dividend policy. The ex-date on May 27 will result in a small adjustment to the stock price. No material impact on operations or growth outlook — monitor the next earnings release for any changes to the company's capital allocation strategy.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
VIV ▼ -14.46% at T+60d
NEUTRAL call ✗ call lost -14.46% · α vs SPY -19.31% · entry $13.54 → $11.58
Entry anchored
May 15, 2026
via day open
T+1d
-2.56%
call -2.56% · α -1.91%
$13.19
settled 5mo ago
T+5d
-0.84%
call -0.84% · α -2.46%
$13.42
settled 4mo ago
T+20d
-2.57%
call -2.57% · α -4.15%
$13.19
settled 4mo ago
T+60d
-14.46%
call -14.46% · α -19.31%
$11.58
settled 7w ago

Price Chart

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Executive Summary

Telefonica Brasil's Board of Directors approved a declaration of Interest on Capital (IoC) of R$600 million gross (R$495 million net), or R$0.1878 per share gross (R$0.1549 net), based on the April 30, 2026 balance sheet. The ex-IoC date is May 27, 2026, and payment will occur by April 30, 2027, with the net amount allocated to the mandatory minimum dividend for FY2026. This is a routine capital return event with no material impact on the company's operations or financial health.

Key Facts

  • Board approved R$600 million gross Interest on Capital (IoC) declaration
  • Net IoC amount is R$495 million after 17.5% withholding tax
  • Gross IoC per share: R$0.18775779427; net per share: R$0.15490018027
  • Ex-IoC date: May 27, 2026
  • Payment to be made by April 30, 2027
  • Net IoC allocated to mandatory minimum dividend for fiscal year ending December 31, 2026

Financial Impact

R$600 million gross capital return (R$495 million net), representing approximately 1.3% of market cap based on $45.6B market cap and current BRL/USD exchange rate

dividendcapital allocation

Risk Factors

  • No material risks identified from this filing
  • Per-share amounts may change slightly due to share buyback program activity before the record date

Market Snapshot

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

Investment Themes

Media & Telecom

Documents Analyzed

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

DocumentAccession Number
6-K Filing (Primary)0001292814-26-003093
Document: 0001292814-26-003093-index-headers.html0001292814-26-003093
Document: 0001292814-26-003093-index.html0001292814-26-003093
Document: 0001292814-26-003093.txt0001292814-26-003093
12 reports for VIV
Performance horizon
Filters
Rows
Reports for VIV — sortable, filterable
TypeNow
Jul 16, 2026
11w ago
6-K
NEUTRAL ★ 3/10
$13.95 $11.41▼ −18.21%▼ −22.65%$11.54 (−17.28%)
May 27, 2026
18w ago
6-K
NEUTRAL ★ 2/10
$13.33 $13.45▲ +0.90%▲ +4.05%$11.54 (−13.43%)
May 22, 2026
19w ago
6-K
NEUTRAL ★ 3/10
$13.42 $13.21▼ −1.60%▲ +0.35%$11.54 (−14.04%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 3/10
$13.54 $13.19▼ −2.57%▼ −4.15%$11.54 (−14.76%)
May 15, 2026
20w ago
6-K
NEUTRAL ★ 4/10
$13.47 $13.21▼ −1.93%▼ −4.05%$11.54 (−14.33%)
May 11, 2026
20w ago
6-K
NEUTRAL ★ 2/10
$14.74 $12.81▼ −13.09%▼ −12.79%$11.54 (−21.71%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Apr 27, 2026
22w ago
6-K
NEUTRAL ★ 2/10
$15.68 $13.50▼ −13.90%▼ −19.37%$11.54 (−26.40%)
Showing 10 of 12

US Market Status

Market Closed — Opens Mon (63h 31m)

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