TIM defines Dividend Payment calendar (TIMS3)
TIM (TIMS3), one of the main telephone operators in Brazil, established the schedule for the payment of complementary dividends for the 2023 financial year. The total amount to be distributed is R$1.310 billion, divided into three installments:
- First Installment: R$0.180559931 per share, with payment scheduled for April 23, 2024.
- Second Installment: R$0.180559931 per share, with payment scheduled for July 23, 2024.
- Third Installment: R$0.180559931 per share, to be paid on October 22, 2024.
Base Date and Monetary Update
The base date for receiving dividends is April 9, 2024. It is worth noting that payment will be made without applying any monetary update index.
What is the impact of paying dividends to shareholders?
The payment of dividends is a way of compensating shareholders for the profits obtained by the company. For TIM investors, receiving dividends is a way of obtaining a return on the capital invested in the company. Furthermore, the announcement of the payment of dividends may influence the price of TIM (TIMS3) shares in the market, reflecting investors' confidence in the company's financial health and profit-generating capacity.
How does the Dividend Payment Schedule Impact the Market?
The establishment of the dividend payment schedule by TIM is a common practice in the financial market. These announcements are closely monitored by investors as they can influence investment decisions. The payment of dividends is seen as a sign of the company's financial stability and strength, which can attract more investors and boost the share price.
Concluding the News
The dividend payment schedule established by TIM (TIMS3) represents an opportunity for shareholders to receive a portion of the profits generated by the company. Furthermore, it demonstrates the company's commitment to rewarding its investors and strengthening its position in the market. The base date and installment payment dates must be observed by shareholders interested in receiving dividends.
