Business Context and Reporting Period
This Form 6-K filing by TIM S.A. (TIMS3, TIMB) is dated April 18, 2024. The report serves as a Notice to Shareholders regarding the anticipation of dividend payments. The filing does not cover a specific financial reporting period (e.g., Q1 or H1 2024) but rather announces a corporate action related to shareholder distributions.
Key Financial Metrics
The filing focuses exclusively on dividend distribution details and does not provide comprehensive financial statements such as revenue, profit, cash flow, margins, debt, or liquidity ratios.
- Total Dividend Announcement: R$ 437,000,000.00 (First Installment of Additional Dividends).
- Value Per Share (1st Installment): R$ 0.180559931.
- Record Date: April 9, 2024.
- Payment Date: Anticipated to April 22, 2024 (originally scheduled for April 23, 2024).
Material Changes
The primary material change disclosed is the acceleration of the payment date for the first installment of additional dividends by one day, from April 23, 2024, to April 22, 2024. The total amount and per-share value remain consistent with previous notices issued on March 28, 2024, and April 16, 2024.
Guidance, Outlook, and Future Payments
Management has outlined the schedule for the remaining installments of the additional dividends:
- 2nd Installment: R$ 437,000,000.00 (R$ 0.180559931 per share), payable on or before July 23, 2024.
- 3rd Installment: R$ 436,000,000.00 (R$ 0.180146751 per share), payable on or before October 22, 2024.
Payment Method: Dividends for book-entry shares will be credited via B3 S.A. to shareholders' designated bank accounts at Banco Bradesco S/A. Physical payment is available at Banco Bradesco branches for eligible shareholders.
Legal Contingency: The right to receive dividends expires three years from the date they are made available, pursuant to Brazilian Corporation Law and the Civil Code.
Investor Verification Checklist
- Verify the record date of April 9, 2024, to confirm eligibility for the R$ 437 million distribution.
- Confirm the anticipated payment date of April 22, 2024, for the first installment.
- Review the scheduled dates for the second (July 23, 2024) and third (October 22, 2024) installments.
- Ensure bank account details with Banco Bradesco S/A are up to date for electronic credit.
- Note that the filing does not contain operational or financial performance data for the period ending June 30, 2024.