Telefônica Brasil's Board of Directors has approved an Interest on Capital (IoC) distribution totaling R$1.2 billion on a gross basis. After accounting for taxes, the net amount to be distributed is R$1.02 billion. This distribution is based on the company's balance sheet as of November 30, 2024.
This IoC will be accounted for as part of the mandatory dividends for the fiscal year ending December 31, 2024. Shareholders of record as of December 26, 2024, will be eligible for this payment. The company anticipates that payments will be completed by April 30, 2025.
The approval of this significant capital distribution underscores Telefônica Brasil's ongoing commitment to shareholder remuneration. This move aligns with the company's stated policy of returning value to its investors, reflecting its solid financial position.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.