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.
Price Chart
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.
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
Risk Factors
- No material risks identified — this is a routine capital allocation decision
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003095 |
| Document: 0001292814-26-003095-index-headers.html | 0001292814-26-003095 |
| Document: 0001292814-26-003095-index.html | 0001292814-26-003095 |
| Document: 0001292814-26-003095.txt | 0001292814-26-003095 |
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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