Telefônica Brasil S.A.
VIVCommunication Services · Stock · monthly payer
Forward Yield
8.13%
Annual Dividend
$0.98
Payout Ratio
120%
5-Yr Growth
-14.5%
Ex-Date
Jul 28, 2026
Frequency
Monthly
Summary
As of August 2026, Telefônica Brasil S.A. (VIV) yields 8.13% ($0.98 per share annually), with a blended fair-value estimate of $30.66 — +137% upside, so it screens as undervalued. Dividend safety grade: C (51/100).
Is VIV a good dividend stock?
MixedTelefônica Brasil S.A. (VIV) pays a monthly dividend yielding 8.13% ($0.98/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
- 42% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (120%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.13%
- Payout Ratio
- 120%
- Annual Dividend
- $0.98
- 5-Yr Avg Growth
- -14.5%
- Ex-Dividend Date
- Jul 28, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.21
- Market Cap
- $19.2B
- P/E Ratio
- 15.0
- 5-Yr Total Return
- 42%
- 52-Week Range
- $11.50 – $17.26
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
VIV Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
+42%
5 Years
+42%
52-Week Range
$11.50 – $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 $30.66 per share, versus a market price of $12.92. That implies 137% of upside — a margin of safety of about 58%.
Fair Value
$30.66
Current Price
$12.92
Upside
+137%
Margin of Safety
58%
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 14.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.2% stage-1 growth, 2.5% terminal growth, $0.80 EPS, $0.98 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 |
|---|---|---|---|
| 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 |
| Feb 25, 2025 | — | $0.0190 | regular |
Income Calculator
At $0.98 / yr per share
