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Data last updated: Oct 26, 2026
Snapshot (as of Oct 26, 2026): Telefônica Brasil S.A. (VIV) pays a $0.54 annual dividend ($0.05 monthly), yielding 7.75% at $12.96/share. Next ex-dividend date 2026-10-27. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.75%
Annual Dividend: $0.54 per share
Payout Ratio: 120.0%
Ex-Dividend Date: 2026-10-27
Dividend Frequency: monthly
Sector: Communication Services
Years of Dividend History: 7
Telefônica Brasil S.A. dividend investors are looking at Brazil's largest mobile telecom operator, offering voice, broadband, 5G, and pay TV services under the Vivo brand. The current yield stands at 8.14%, well above what most telecom stocks offer. VIV pays monthly, with a trailing twelve-month dividend of $0.5440 per share and an upcoming ex-dividend date of August 27, 2026. That high yield, paired with a low beta of 0.194, makes this stock a natural fit for income-focused investors who prioritize yield over growth.
Telefônica Brasil S.A. pays out 120.0% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the company is currently paying more in dividends than it earns, which raises real questions about Telefônica Brasil S.A. dividend safety over time. The most significant pressure point is that a payout ratio above earnings is not self-sustaining without either profit growth or external financing, and the dividend history already shows a negative CAGR over the available window.
Telefônica Brasil S.A. dividend history shows a CAGR of -2.2% per year from 2021 to 2025. Per-share payments moved from $0.6092 in 2021 to $0.5571 in 2025, a net decline over the full window (2026 data is partial and excluded from this calculation). The largest annual increase in the window was -1.0% in 2023, which was the best year on record, and the history also contains at least one year-over-year decline exceeding 5%. Growth is not a feature of this dividend.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | +3.8% | $0.46 (2020) | $0.56 (2025) |
VIV fits income-focused investors who want a high monthly yield from a large-scale telecom operator and can accept meaningful payout risk. The yield classification is high (above 4%), currently sitting at 8.14%, more than double the 5-year average of 4.17%. That gap reflects either a depressed share price or an elevated payout, and with a 120.0% payout ratio, the latter is clearly a factor. What an investor gets here is a substantial monthly income stream from a company running Brazil's mobile and broadband infrastructure. The trade-off is a dividend that has shrunk in real terms over four years and a payout ratio that leaves no earnings buffer.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.0607 |
| 2026-08-27 | $0.0420 |
| 2026-07-28 | $0.0612 |
| 2026-06-29 | $0.0278 |
| 2026-05-28 | $0.0748 |
| 2026-05-22 | $0.3663 |
| 2026-04-28 | $0.0460 |
| 2026-03-26 | $0.0239 |
| 2026-02-24 | $0.0389 |
| 2025-12-30 | $0.0440 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.7416 |
| 2025 | $0.5571 |
| 2024 | $0.4154 |
| 2023 | $0.6029 |
| 2022 | $0.1543 |
Project income from VIV with the VIV dividend calculator or track your full portfolio with the dividend tracker.