TIM S.A. (B3: TIMS3; NYSE: TIMB), a telecommunications company with a market capitalization of $5.6 billion, announced today that it will convene its Annual Shareholders' Meeting on March 27th, 2025. The announcement, made in a recent filing with the Securities and Exchange Commission (SEC), follows the guidelines of CVM Resolution No. 81/22. According to InvestingPro data, the company currently trades near its 52-week low, potentially presenting an interesting opportunity for investors.
The company, which operates under the standard industrial classification of telephone communications, excluding radio telephone, is incorporated in Brazil with its principal executive offices located in Rio de Janeiro. As a prominent player in the Wireless Telecommunication Services industry, TIM S.A. has maintained strong financial health, earning a "GREAT" rating from InvestingPro's comprehensive analysis. The company has confirmed that further details regarding the meeting will be shared with shareholders and the public once the call notice and related documentation are prepared and released.
Alberto Mario Griselli, the Chief Executive Officer and Investor Relations Officer of TIM S.A., signed off on the SEC filing, emphasizing the company's commitment to timely and transparent communication with its investors.
The upcoming shareholders' meeting is a routine corporate governance practice, allowing shareholders to engage with the company's management on various matters. While the specifics of the agenda for the meeting were not disclosed in the filing, such meetings typically cover annual reports, financial statements, and may include votes on corporate matters like the election of board members and approval of dividend payments.
Notably, TIM S.A. has maintained dividend payments for 14 consecutive years, currently offering a significant 9.95% yield. For deeper insights into TIM S.A.'s valuation and financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top stocks with expert analysis and actionable intelligence.
In other recent news, TIM S.A. has announced a payment of R$650 million in interest on shareholders' equity. This aligns with the company's history of maintaining dividend payments for 14 consecutive years. The gross value per share stands at R$ 0.268528123, totaling the announced R$ 650 million.
The company has also reported strong financial results for Q3 2024, showing a 6.1% rise in service revenues and a 7.5% increase in EBITDA. This growth was driven by a 6.3% rise in mobile services and an 8% expansion of the post-paid customer base year-over-year.
Despite challenges in the prepaid segment and foreign exchange pressures, TIM S.A. remains on track to meet its year-end targets. The company has also announced strategic plans for mobile services and 5G deployment and intends to distribute BRL 3.5 billion in shareholder remuneration for 2024.
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