SmarterDividends
VIV

Telefônica Brasil (VIV) Dividend

Telefônica Brasil S.A. · Communication Services · Telecom Services · monthly payer

$11.38

Undervalued · +120% Add to Portfolio

As of Nov 5, 2026, Telefônica Brasil (VIV) pays a monthly dividend, or $1.01 a year, a 8.95% yield at its $11.38 share price. It pays every month. It has a dividend safety grade of C.

Forward Yield

8.95%

Annual Dividend

$1.01

Payout Ratio

120%

5-Yr Growth

-14.5%

Ex-Date

Oct 27, 2026

Frequency

Monthly

Key facts about VIV's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Telefônica Brasil S.A. (VIV) has a forward dividend yield of 8.95%, based on an annual dividend of $1.01 per share and a share price of $11.38.
  • As of Nov 5, 2026, VIV's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
  • VIV last cut its regular dividend in 2023.
  • VIV's most recent ex-dividend date was Oct 27, 2026, for a dividend of $0.0560 per share.
  • As of Nov 5, 2026, VIV pays out 120% of its trailing 12-month earnings as dividends (its payout ratio).
  • VIV's dividend has shrunk at an average rate of 14.5% a year over the past five years.
  • As of Nov 5, 2026, VIV's 8.95% yield is 56% above its five-year average yield of 5.73%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for VIV is $25.07 per share, 120% above the $11.38 share price, so VIV screens as undervalued.
  • Telefônica Brasil S.A. (VIV) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "VIV Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/VIV

Is VIV a good dividend stock?

Mixed

Telefônica Brasil S.A. (VIV) pays a monthly dividend yielding 8.95% ($1.01/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

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (120%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk

    Key Data

    Dividend Yield
    8.95%
    Payout Ratio
    120%
    Annual Dividend
    $1.01
    5-Yr Avg Growth
    -14.5%
    Ex-Dividend Date
    Oct 27, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.20
    Market Cap
    $18.2B
    P/E Ratio
    14.6
    5-Yr Total Return
    28%
    52-Week Range
    $10.70 – $17.26
    Dividend Safety
    C · 51/100
    Ever Cut?
    Yes (2023)

    VIV dividend changes

    Telefônica Brasil S.A. (VIV) pays a variable dividend: across the 126 payments on record since 1999, 43 were higher than the one before and 26 lower. The latest change was down 8.7% to $0.0420 per share, going ex-dividend on Aug 27, 2026.

    Ex-dateChangeOld → newMove
    Aug 27, 2026Lower$0.0460 → $0.0420−8.7%
    Apr 28, 2026Higher$0.0390 → $0.0460+17.9%
    Feb 24, 2026Higher$0.0370 → $0.0390+5.4%
    Jul 28, 2025Higher$0.0260 → $0.0370+42.3%
    Apr 14, 2025Higher$0.0220 → $0.0260+18.2%
    Mar 25, 2025Lower$0.0450 → $0.0220−51.1%
    Aug 27, 2024Higher$0.0440 → $0.0450+2.3%
    Apr 30, 2024Higher$0.0360 → $0.0440+22.2%
    Apr 1, 2024Higher$0.0240 → $0.0360+50.0%
    Sep 25, 2023Lower$0.0320 → $0.0240−25.0%
    Sep 1, 2023Lower$0.0390 → $0.0320−17.9%
    Jun 1, 2023Higher$0.0330 → $0.0390+18.2%
    Every VIV payment →Download every raise and cut (CSV)
    VIV ex-dividend date & scheduleNext ex-date Oct 27, 2026 · full ex-dividend historyView →VIV dividend historyEvery payment, totals by year, raises and cutsView →VIV dividend calculator100 shares pay $101.00 a year, $8.42 each monthCalculate →VIV total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is VIV a good dividend stock?

    Mixed. Telefônica Brasil S.A. (VIV) pays a monthly dividend yielding 8.95% ($1.01/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.

    Is VIV undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VIV's fair value is about $25.07 versus a $11.38 share price — so it looks undervalued (+120% vs. fair value).

    Is VIV's dividend safe?

    VIV has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is VIV's fair value?

    Our blended fair-value estimate for VIV is about $25.07 per share, roughly 120% above the current $11.38 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is VIV a buy, hold, or sell?

    We don't issue formal ratings, but on the data VIV screens as "mixed" and undervalued. Telefônica Brasil S.A. (VIV) pays a monthly dividend yielding 8.95% ($1.01/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. This is research for your own analysis, not investment advice.

    Will VIV cut its dividend?

    VIV earns a dividend-safety grade of C (51/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does VIV pay a dividend?

    Yes. Telefônica Brasil S.A. pays a monthly dividend of about $1.01 per share annually, a forward yield of roughly 8.95%.

    How much dividend does 100 shares of VIV pay?

    At $1.01 per share a year, 100 shares of VIV pay $101.00 a year in dividends before tax, about $8.42 each month. Buying them costs about $1,138 at the Nov 5, 2026 price.

    What is VIV's dividend yield?

    As of Nov 5, 2026, VIV's forward dividend yield is 8.95%, based on a $1.01 annual dividend and a $11.38 share price.

    What is VIV's dividend per share?

    As of Nov 5, 2026, VIV pays $1.01 per share per year, distributed on a monthly basis.

    What is VIV's dividend payout ratio?

    As of Nov 5, 2026, VIV's payout ratio is 120% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has VIV grown its dividend?

    VIV does not currently have a long dividend-growth streak on record.

    When is the next VIV ex-dividend date?

    As of Nov 5, 2026, VIV's next ex-dividend date hasn't been announced. The most recent was Oct 27, 2026, for $0.0560 per share.

    Income Calculator

    At $1.01 / yr per share

    Per payment (monthly)$8.42
    Annual$101.00
    Monthly avg$8.42
    Full VIV dividend calculator →

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