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Telefônica Brasil (NYSE: VIV) to pay R$230M Interest on Capital

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Filing Sentiment
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Form Type
6-K

Rhea-AI Filing Summary

Telefônica Brasil reported that its Fiscal Council unanimously supported a proposal to distribute Interest on Capital to shareholders. The planned IoC totals R$230,000,000.00 gross, or R$189,750,000.00 net of withholding tax, based on the May 31, 2026 balance sheet.

The proposed gross IoC per share is R$0.071973821142, with an initial net figure of R$0.05937840244, which may change due to the Company’s Share Buyback Program and the final share count on June 26, 2026. Shareholders on record at the end of June 26, 2026 will be entitled to the IoC, and the shares will trade ex-IoC after that date.

The net IoC amount will be counted toward the mandatory minimum dividend for the 2026 fiscal year, subject to approval at the Ordinary General Meeting to be held in 2027. Payment of these proceeds is expected to occur by April 30, 2027, with the exact date to be set by management.

Positive

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Negative

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Insights

Telefônica Brasil proposes a sizable 2026 cash distribution via Interest on Capital.

The company’s Fiscal Council backed a proposal to pay R$230,000,000.00 in Interest on Capital, using the May 31, 2026 balance sheet. In Brazil, IoC is a tax-efficient form of shareholder remuneration that is treated as a financial expense for the company but as income for investors.

The indicated per-share IoC of R$0.071973821142 gross (about R$0.05937840244 net) may change because the company has an active Share Buyback Program, and the final entitlement is tied to the share count on June 26, 2026. This means the economic effect per share depends on repurchases up to that record date.

The net IoC will be credited toward the mandatory minimum dividend for the year ending December 31, 2026, ad referendum of the 2027 Ordinary General Meeting. Investors gain visibility that at least part of the 2026 statutory dividend is already structured, while the precise payment date will be set by management before April 30, 2027.

Gross Interest on Capital R$230,000,000.00 Based on May 31, 2026 balance sheet
Net Interest on Capital R$189,750,000.00 After 17.5% standard withholding income tax
IoC per share (gross) R$0.071973821142 per share Initial calculation; subject to change with buybacks
IoC per share (net) R$0.05937840244 per share Net of income tax, based on May 29, 2026 share count
Record date for IoC June 26, 2026 Shareholders on record at end of this date qualify
Latest payment date April 30, 2027 Deadline for paying the Interest on Capital
Interest on Capital financial
"The proposal for the declaration of Interest on Capital (“IoC”) to be submitted"
Interest on capital is the cost a business pays for using money — either money it borrowed or funds provided by owners — and functions like rent paid for that capital. It matters to investors because higher interest payments reduce profits and cash available for dividends or growth, while lower interest costs leave more profit and improve company value; think of it as the price of fueling a company’s operations.
mandatory minimum dividend financial
"The net amount of the IoC will be allocated to the mandatory minimum dividend"
Share Buyback Program financial
"Given the Company’s Share Buyback Program in effect, the value per share may be subject to change"
A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.
withholding income tax financial
"corresponding to R$189,750,000.001 net of withholding income tax"
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Form 6-K: How Foreign Companies Report to the SEC →

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2026

Commission File Number: 001-14475

TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)

 

TELEFONICA BRAZIL S.A.  
(Translation of registrant’s name into English)

 

Av. Eng° Luís Carlos Berrini, 1376 -  28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

X

 

Form 40-F

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

 

 

No

X 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

 

 

No

X 

 

 

 

 

 
 

 

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

 

 

MINUTES OF THE 262nd FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 12, 2026

 

1. DATE, TIME AND VENUE:  On June 12, 2026, at 09:00 a.m. (São Paulo local time), held remotely, as provided for in Article 16, paragraph 1, of the Internal Rules of the Fiscal Council (“Rules”) of Telefônica Brasil S.A. (“Company”).

 

2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all members of the Company’s Fiscal Council, who subscribe to these minutes, establishing quorum for the installation of the meeting, pursuant to Article 12, paragraph 2, of the Company’s Rules. The Director of Corporate and Business Affairs, Ms. Nathalia Pereira Leite, was also present as Secretary of the Meeting.

 

3. AGENDA AND RESOLUTION: After reviewing and discussing the matter on the Agenda, the Fiscal Council members present at the meeting unanimously decided the following:

 

3.1. Proposal for the Declaration of Interest on Capital: The proposal for the declaration of Interest on Capital (“IoC”) to be submitted to the Company’s Board of Directors, was reviewed in the following terms:

 

“Proposal to declare IoC based on the balance sheet of May 31, 2026, in the gross amount of R$230,000,000.00, corresponding to R$189,750,000.001 net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.071973821142, of which R$0.05937840244¹ 2 net of income tax.

 

The IoC credit will be carried out individually to the shareholders, based on the shareholding position in the Company’s records at the end of June 26, 2026. After this date, the shares will be considered “ex-IoC”.

 

1 Considers the standard tax rate of 17.5%, which may vary due to international treaties, tax immunities and exemptions, countries with favorable taxation, and privileged tax regimes.

 

2 Value per share calculated based on the shareholding position of May 29, 2026. Given the Company’s Share Buyback Program in effect, the value per share may be subject to change, considering the Company’s shareholding position to be verified on June 26, 2026.

 
 

 

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

 

 

MINUTES OF THE 262nd FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 12, 2026

 

The net amount of the IoC will be allocated to the mandatory minimum dividend for fiscal year ending December 31, 2026, ad referendum to the Ordinary General Meeting to be held in 2027, and the payment of these proceeds will be made by April 30, 2027, with the Company’s Management being responsible for setting the exact date.”

 

Unanimously, the members of the Fiscal Council presented a favorable opinion to the proposal, given that they consider it to be in accordance with the applicable legislation.

 

4. CLOSING: There being no further matter to discuss, the meeting was adjourned, and these minutes were drawn up. São Paulo, June 12, 2026.

 

 

 

Gabriela Soares Pedercini

  

Sergio Barcelos Dutra de Almeida

  
         
         
  Luciana Doria Wilson  

Nathalia Pereira Leite

 
      Meeting Secretary  

 

 
 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

TELEFÔNICA BRASIL S.A.

Date:

June 15, 2026

 

By:

/s/ João Pedro Carneiro

 

 

 

 

Name:

 João Pedro Carneiro

 

 

 

 

Title:

Investor Relations Director

 

 

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What Interest on Capital did Telefônica Brasil (VIV) approve in June 2026?

Telefônica Brasil’s Fiscal Council backed an Interest on Capital proposal totaling R$230,000,000.00 gross, or R$189,750,000.00 net of withholding income tax. The IoC is based on the company’s May 31, 2026 balance sheet and forms part of 2026 shareholder remuneration.

How much will Telefônica Brasil (VIV) pay per share in Interest on Capital?

The proposal indicates a gross IoC of R$0.071973821142 per share and an initial net amount of R$0.05937840244 per share. These values may change because Telefônica Brasil has a Share Buyback Program and the final per-share figure depends on the share count on June 26, 2026.

Who is entitled to Telefônica Brasil (VIV) Interest on Capital and when is the record date?

Shareholders of Telefônica Brasil on the company’s records at the end of June 26, 2026 will receive the Interest on Capital credit. After that date, the shares will trade ex-IoC, meaning buyers from then on will not be entitled to this specific distribution.

When will Telefônica Brasil (VIV) pay the proposed Interest on Capital?

The payment of the Interest on Capital is expected to occur by April 30, 2027. The exact payment date will be set later by the company’s management, and the amount will count toward the mandatory minimum dividend for the 2026 fiscal year, subject to shareholder approval in 2027.

How does the Interest on Capital affect Telefônica Brasil (VIV) 2026 dividends?

The net Interest on Capital of R$189,750,000.00 will be allocated to Telefônica Brasil’s mandatory minimum dividend for the fiscal year ending December 31, 2026. This allocation is subject to approval at the Ordinary General Meeting expected in 2027, integrating IoC into total 2026 shareholder payouts.