NEW YORK (

TheStreet

) -- The ex-dividend date for

Telefonica Brasil S.A

(NYSE:

VIV

) is tomorrow, December 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $28.06 as of 9:30 a.m. ET, the dividend yield is 8.1%.

The average volume for Telefonica Brasil S.A has been 1.3 million shares per day over the past 30 days. Telefonica Brasil S.A has a market cap of $31.89 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 15.3% year to date as of the close of trading on Wednesday.

Telefonica Brasil, S.A. provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil.

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TheStreet Ratings rates Telefonica Brasil S.A as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Telefonica Brasil S.A Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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