TIMB Dividend Type Payments

Although TIMB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on TIM S.A. American Depositary Shares (Each representing 5 Common Shares) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:45 PM ET):

TIM S.A. American Depositary Shares (Each representing 5 Common Shares) (TIMB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
20.24	20.25	20.25	+0.14	184K	82	0.0B

TIMB Dividend-Like Income Using Covered Calls

With TIMB at 20.25, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	0.61	0.2
5%	1.01	0.3
10%	2.03	0.6

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On TIMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	22.50	0.80	235	0.3	2.25 (11.1%)

5% Yield On TIMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	22.50	0.80	235	0.3	2.25 (11.1%)

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