TIM S.A. Approves R$ 300 Million Shareholder Payout

TIM (TIMB) has released an update.

TIM S.A., a publicly-held company, has announced the approval by its Board of Directors to distribute R$ 300 million as Interest on Shareholders’ Equity, with payment scheduled for October 23, 2024. Shareholders eligible for this payment will be those on record as of September 23, 2024, after which date the shares will become ex-rights. The gross value per share is estimated at R$ 0.123945910, subject to adjustments in case of treasury shares disposals.

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