DividendSep 14, 2026, 05:34 PM
Telefônica Brasil Proposes R$500M Interest on Capital Dividend
AI Summary
Telefônica Brasil S.A. announced that its Fiscal Council has reviewed and unanimously recommended a proposal for the declaration of Interest on Capital (IoC) to the Company's Board of Directors. The proposed IoC amounts to R$500,000,000.00 gross, or R$412,500,000.00 net of withholding income tax. This IoC is based on the balance sheet of August 31, 2026, and will be credited to shareholders based on their position on September 25, 2026. The net amount will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026, with payment expected by April 30, 2027.
Key Highlights
- Telefônica Brasil S.A. Fiscal Council recommends declaration of Interest on Capital (IoC) of R$500,000,000.00 gross.
- Net IoC amount is R$412,500,000.00, subject to withholding income tax.
- Gross IoC per share is R$0.156464828562, net is R$0.129083483561.
- IoC to be based on shareholding position as of September 25, 2026.
- Shares will trade 'ex-IoC' after September 25, 2026.
- Net IoC will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026.
- Payment of IoC is expected by April 30, 2027, pending Board of Directors and Ordinary General Meeting approval.
Price Impact
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