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TIM ( (TIMB) ) just unveiled an announcement.
TIM S.A. announced the approval of a distribution of R$ 650 million as Interest on Shareholders’ Equity, indicating a strong financial position and commitment to shareholder returns. The payment will be made by January 23, 2025, and holds implications for shareholder value, particularly as it aligns with long-term incentive plans and tax considerations for different shareholder groups.
More about TIM
TIM S.A. is a publicly-held company based in Rio de Janeiro, Brazil, that operates in the telecommunications sector. It is known for providing mobile services and has a significant presence both in the Brazilian market and internationally, with its shares listed on B3 and the New York Stock Exchange.
YTD Price Performance: -30.42%
Average Trading Volume: 560,330
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.98B
For detailed information about TIMB stock, go to TipRanks’ Stock Analysis page.
