Business Context and Reporting Period
This Form 6-K filing by TIM S.A. (TIMS3, TIMB) is dated April 16, 2024. The report serves as a Notice to Shareholders regarding the payment of complementary dividends for the fiscal year ended December 31, 2023, as approved by the Annual and Extraordinary General Meeting held on March 28, 2024.
Key Financial Metrics
The filing focuses exclusively on dividend distribution and does not provide operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity ratios.
- Total Complementary Dividends: R$ 1,310,000,000.00 (one billion, three hundred and ten million reais).
- Dividend Structure: The total amount is distributed across three payment dates without monetary update index application.
- Record Date: April 09, 2024 (shares acquired after this date are ex-dividend).
| Payment Date | Value Per Share (R$) | Total Amount (R$) |
|---|---|---|
| April 23, 2024 | 0.180559931 | 437,000,000.00 |
| July 23, 2024 | 0.180559931 | 437,000,000.00 |
| October 22, 2024 | 0.180146751 | 436,000,000.00 |
Material Changes
The filing does not contain comparative financial data or material changes in operational performance versus prior periods. It solely confirms the execution of the dividend plan approved in March 2024.
Guidance, Outlook, and Risks
Management Commentary: The company highlights the specific dates for shareholder identification and payment execution.
Risks and Contingencies: The filing notes legal expiration periods for dividend claims. Pursuant to Brazilian Corporation Law (Law 6,404/76) and the Civil Code, the right to receive dividends expires three years from the date they are made available to shareholders.
Unusual Items: None reported in this specific filing.
Investor Verification Checklist
- Verify share ownership status as of the record date (April 09, 2024) to confirm eligibility for the R$ 1.31 billion distribution.
- Confirm bank account details with Banco Bradesco S/A or custody agents for book-entry shares to ensure timely receipt of payments.
- Note the staggered payment schedule spanning from April 2024 to October 2024.
- Review the three-year statutory limitation period for claiming unpaid dividends under Brazilian law.