Telefônica Brasil S.A.
VIVCommunication Services · Stock · monthly payer
Forward Yield
8.31%
Annual Dividend
$0.99
Payout Ratio
121%
5-Yr Growth
-14.5%
Ex-Date
Aug 27, 2026
Frequency
Monthly
Summary
As of September 2026, Telefônica Brasil S.A. (VIV) yields 8.31% ($0.99 per share annually), with a blended fair-value estimate of $30.95 — +159% upside, so it screens as undervalued. Dividend safety grade: C (50/100).
Is VIV a good dividend stock?
MixedTelefônica Brasil S.A. (VIV) pays a monthly dividend yielding 8.31% ($0.99/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 49% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (121%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.31%
- Payout Ratio
- 121%
- Annual Dividend
- $0.99
- 5-Yr Avg Growth
- -14.5%
- Ex-Dividend Date
- Aug 27, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.20
- Market Cap
- $19.1B
- P/E Ratio
- 14.9
- 5-Yr Total Return
- 49%
- 52-Week Range
- $11.18 – $17.26
- Dividend Safety
- C · 50/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
VIV Price — Last 12 Months
Daily close
Price Return
1 Year
+0%
3 Years
+34%
5 Years
+49%
52-Week Range
$11.18 – $17.26
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VIV worth?
Undervaluedlow confidenceOur blended fair-value estimate for Telefônica Brasil S.A. is $30.95 per share, versus a market price of $11.95. That implies 159% of upside — a margin of safety of about 61%.
Fair Value
$30.95
Current Price
$11.95
Upside
+159%
Margin of Safety
61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.3% stage-1 growth, 2.5% terminal growth, $0.80 EPS, $0.99 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VIV Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 27, 2026 | — | $0.0420 | regular |
| Jul 28, 2026 | — | $0.0610 | regular |
| Jun 29, 2026 | — | $0.0280 | regular |
| May 28, 2026 | — | $0.0750 | regular |
| May 22, 2026 | — | $0.4760 | regular |
| Apr 28, 2026 | — | $0.0460 | regular |
| Mar 26, 2026 | — | $0.0240 | regular |
| Feb 24, 2026 | — | $0.0390 | regular |
| Jul 28, 2025 | — | $0.0370 | regular |
| Jun 24, 2025 | — | $0.0220 | regular |
| May 23, 2025 | — | $0.0550 | regular |
| Apr 14, 2025 | — | $0.0260 | regular |
| Mar 25, 2025 | — | $0.0220 | regular |
| Feb 27, 2025 | — | $0.2220 | regular |
Income Calculator
At $0.99 / yr per share
