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 Fri 4:16 PM ET):

TIM S.A. American Depositary Shares (Each representing 5 Common Shares) (TIMB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.02	17.41	16.58	+0.05	195K	79	0.0B

TIMB Dividend-Like Income Using Covered Calls

With TIMB at 16.58, 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%	0.50	0.1
5%	0.83	0.2
10%	1.66	0.5

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
Jun 20	17.50	0.20	50	0.4	0.09 (0.5%)

5% Yield On TIMB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	17.50	0.20	50	0.4	0.09 (0.5%)

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