Telefonica Brasil (STU:TSPA) Dividend Payout Ratio: 0.38 (As of Mar. 2026) — 51% Below Median

What is Telefonica Brasil Dividend Payout Ratio?

Telefonica Brasil STU:TSPA 85 Dividend Payout Ratio is 0.38 as of Mar. 2026, which is 51% below its 10-year median of 0.78. GuruFocus rates STU:TSPA with a GF Score™ of 85/100 and a GF Value™ of €10.41 (Fairly Valued). The stock has 2 warning signs investors should review. Among 191 Telecommunication Services companies, Telefonica Brasil ranks better than 52.36% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Telefonica Brasil's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.38.

The historical rank and industry rank for Telefonica Brasil's Dividend Payout Ratio or its related term are showing as below:

STU:TSPA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.78 Max: 1.12
Current: 0.56

During the past 13 years, the highest Dividend Payout Ratio of Telefonica Brasil was 1.12. The lowest was 0.48. And the median was 0.78.

STU:TSPA's Dividend Payout Ratio is ranked better than
52.36% of 191 companies
in the Telecommunication Services industry
Industry Median: 0.53 vs STU:TSPA: 0.56

As of today (2026-07-04), the Dividend Yield % of Telefonica Brasil is 7.13%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Telefonica Brasil was 10.62%. The lowest was 2.34%. And the median was 5.32%.

Telefonica Brasil's Dividends per Share for the months ended in Mar. 2026 was €0.05.

During the past 12 months, Telefonica Brasil's average Dividends Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -4.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -1.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Telefonica Brasil was 20.50% per year. The lowest was -27.50% per year. And the median was -0.85% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Telefonica Brasil (STU:TSPA) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Telefonica Brasil Dividend Payout Ratio Related Terms

Telefonica Brasil Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Telefonica Brasil's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Telefonica Brasil Dividend Payout Ratio Chart

Telefonica Brasil Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.90

0.81

0.62

0.76

0.55

Telefonica Brasil Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.34	0.64	0.48	0.74	0.38

STU:TSPA vs TMUS, VZ, T: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, Telefonica Brasil's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Telefonica Brasil Dividend Payout Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Brasil's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Telefonica Brasil's Dividend Payout Ratio falls into.

Save Embed

85GF Score

Telefonica Brasil SA STU:TSPA

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Telefonica Brasil Dividend Payout Ratio Calculation

Telefonica Brasil's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.359	/	0.654
	=	0.55

Telefonica Brasil's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.054	/	0.143
	=	0.38

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.38 mean?

Telefonica Brasil (STU:TSPA) has a Dividend Payout Ratio of 0.38 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Telefonica Brasil and its competitors. This is 51% below median its historical median of 0.78. Over the past decade, Telefonica Brasil's Dividend Payout Ratio has ranged from 0.48 to 1.12. According to the industry distribution chart, Telefonica Brasil ranks #91 out of 191 companies in the Telecommunication Services industry, placing it in the top 47.6%.

Is Telefonica Brasil's Dividend Payout Ratio too high?

Telefonica Brasil's current Dividend Payout Ratio of 0.38 is 51% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.12. The Telecommunication Services industry median Dividend Payout Ratio is 0.53. Telefonica Brasil's value of 0.38 is 28.3% below this industry median. Based on the distribution chart, Telefonica Brasil ranks #91 out of 191 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telefonica Brasil has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Telefonica Brasil's Dividend Payout Ratio compare to TMUS and VZ?

According to the Telecommunication Services industry distribution chart, Telefonica Brasil ranks #91 out of 191 companies for Dividend Payout Ratio. This puts Telefonica Brasil in the upper half of its industry. The industry median Dividend Payout Ratio is 0.53. Telefonica Brasil's value of 0.38 is 28.3% below this benchmark. Historically, Telefonica Brasil's own Dividend Payout Ratio has ranged from 0.48 to 1.12 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.53, Telefonica Brasil has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Telecommunication Services company?

The median Dividend Payout Ratio among Telecommunication Services companies is 0.53, based on 191 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Telefonica Brasil's current Dividend Payout Ratio of 0.38 is 28.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Telefonica Brasil and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telefonica Brasil's current Dividend Payout Ratio is 0.38, which is 51% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Telefonica Brasil stock overvalued right now?

Based on GuruFocus' analysis, Telefonica Brasil (STU:TSPA) is currently considered Fairly Valued. The stock's GF Value™ is €10.41, compared to a current price of €11.50 — trading 10.5% above its estimated fair value. The current Dividend Payout Ratio is 0.38, which is 51% below median its 10-year median of 0.78 and 28.3% below the Telecommunication Services industry median of 0.53. Telefonica Brasil's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Telefonica Brasil (STU:TSPA), the current Dividend Payout Ratio is 0.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Telefonica Brasil (STU:TSPA) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Brasil stock appears to be overvalued. The current stock price of €11.50 is trading 10.5% above its estimated GF Value™ of €10.41. GuruFocus considers Telefonica Brasil to be Fairly Valued.

Key valuation signals for STU:TSPA:

Dividend Payout Ratio: 0.38 (51% below median its 10-year median of 0.78)
GF Value™: €10.41 vs. price of €11.50 (10.5% above fair value)
GF Score™: 85/100 with 2 warning signs
Industry Position: 28.3% below the Telecommunication Services median (#91 of 191)

No single metric tells the full story. See the STU:TSPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Telefonica Brasil Business Description

Industry Communication Services Telecommunication Services

Comparable Companies BSP:TIMS3 BSP:FIQE3 BSP:DESK3 BSP:BRST3 BSP:TELB3 BSP:WDCN3 BSP:OIBR3 BSP:DTCY3 BSP:FICT3 TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA MEX:AMXB TSE:9432 HKSE:00728

Other Exchanges VIV:USA VIVT3:Brazil VIV:Argentina

Address Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936

Website https://www.telefonica.com.br

Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 103 million customers, which is equal to about 38% market share. The firm is strongest in the postpaid business, where it has 72 million customers, or about 40% share of this market. Wireless services and equipment contribute about 70% of total revenue. Vivo is the incumbent fixed-line telephone operator in Sao Paulo state and also owns an extensive fiber network across the country. The firm provides internet access to 8 million households on this network. The firm also sells pay-TV and phone services to its fixed-line customers. Finally, corporate data and IT services, including cloud computing support, contribute about 10% of total revenue.

85GF Score

Get the complete analysis for STU:TSPA

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.50

Price

€10.41

GF Value

View STU:TSPA Analysis

See Dividend Payout Ratio data for all stocks →