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TIM S.A. Approves R$390 Million Interest on Shareholders’ Equity Distribution

Story Highlights
  • On March 18, 2026, TIM S.A. approved distributing R$390 million as interest on shareholders’ equity.
  • Shareholders of record on March 23, 2026 will receive an estimated R$0.16327 per share by April 30, 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TIM S.A. Approves R$390 Million Interest on Shareholders’ Equity Distribution

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TIM ( (TIMB) ) has provided an announcement.

On March 18, 2026, TIM S.A.’s board of directors approved the distribution of R$390 million as interest on shareholders’ equity, reinforcing its capital return policy to investors. The payment, scheduled to be completed by April 30, 2026, will be based on the shareholder position as of March 23, 2026, after which shares will trade ex-rights and the per-share amount may be adjusted slightly to reflect treasury share movements under the ongoing buyback program.

The gross amount is currently estimated at R$0.1632708888 per share, subject to standard 17.5% withholding income tax except for shareholders who prove eligibility for differentiated or exempt tax treatment by March 23, 2026. Payments will be processed mainly through B3’s clearing system and Banco Bradesco channels, indicating that TIM continues to leverage established market infrastructure to execute sizable cash distributions efficiently to its investor base.

The most recent analyst rating on (TIMB) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.

Spark’s Take on TIMB Stock

According to Spark, TipRanks’ AI Analyst, TIMB is a Outperform.

The score is driven primarily by solid underlying financial performance (strong margins and improving earnings) but tempered by weaker 2025 cash conversion and a mildly weaker balance-sheet trend. Valuation is supported by a very high dividend yield with a moderate P/E, while technicals show an uptrend but are overbought. Earnings-call commentary was constructive on delivery and cash flow, with notable near-term cost and segment headwinds.

To see Spark’s full report on TIMB stock, click here.

More about TIM

TIM S.A. is a Brazilian telecommunications operator listed on B3 under the ticker TIMS3 and on the NYSE as TIMB. The company provides mobile and fixed telecom services nationwide, competing in Brazil’s highly concentrated telecom market and targeting both retail and corporate customers with voice, data, and digital connectivity solutions.

Average Trading Volume: 426,372

Technical Sentiment Signal: Buy

Current Market Cap: $11.97B

Find detailed analytics on TIMB stock on TipRanks’ Stock Analysis page.

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