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TIM S.A. (B3: TIMS3; NYSE: TIMB), a leading telecommunications company with a market capitalization of $7.55 billion and a perfect InvestingPro Piotroski Score of 9, has declared that it will distribute R$2.05 billion in complementary dividends for the fiscal year ending December 31, 2024. According to InvestingPro analysis, the company appears to be trading below its Fair Value. The announcement, made on March 27, 2025, detailed payments to be made in three installments across April, July, and October 2025.
Shareholders on record as of April 3, 2025, will be eligible for the dividends, with shares purchased subsequent to this date not entitled. The dividends are set to be disbursed without any monetary adjustment for inflation.
The first installment, totaling R$683 million, will be paid on April 22, 2025, at R$0.282254233 per share. The second, also R$683 million, is scheduled for July 23, 2025, with the same value per share. The final installment of R$684 million will be paid on October 23, 2025, at R$0.282667489 per share.
The slight increase in the per-share value from the initial announcement is due to a reduction in the number of shares entitled to dividends, following an increase in treasury shares. This amount may be further adjusted should the number of treasury shares change.
Shareholders can expect payments through several methods, including direct credit to accounts at Banco Bradesco S/A, through custody agents for shares held at CBLC (Companhia Brasileira de Liquidação e Custódia), or by attending Banco Bradesco S/A branches directly, with the necessary documentation.
The company reminds shareholders that the right to dividends expires three years from the date they are made available, as per Brazilian corporate law.
This information is based on the recent SEC filing by TIM S.A. and reflects the company’s commitment to shareholder returns. The stock has shown impressive momentum with a 33.06% year-to-date return, while maintaining a moderate P/E ratio of 13.74. Discover more detailed analysis and valuation metrics with InvestingPro’s extensive financial toolkit.
In other recent news, TIM S.A. has announced the conclusion of its partnership with C6 Bank, following approval from the Cayman Islands Monetary Authority for the transfer of shares in Carbon Holding Financeira S.A. to an entity within the C6 Group. This development resolves all ongoing disputes between the two companies and includes the conclusion of four arbitration proceedings. Additionally, TIM S.A. has launched a new share buyback program, allowing for the acquisition of up to 67,210,173 common shares, which represents approximately 2.78% of its total shares. This initiative, known as Program 8, aims to optimize capital allocation and enhance shareholder value, with funding sourced from the company’s profit reserves.
The company has also disclosed the termination of its previous buyback program, Program 7, under which no shares were acquired. In a related development, TIM S.A. has monetized its minority stake in Banco C6 S.A., expected to generate gross revenue of approximately R$280 million. This transaction is part of TIM’s strategy to optimize its business and create value for stakeholders. Furthermore, TIM S.A. has scheduled its Annual Shareholders’ Meeting for March 2025, with further details to be provided in due course. The company emphasizes its commitment to transparent communication with investors, as highlighted by CEO Alberto Mario Griselli in a recent SEC filing.
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