TIM (TIMB) Dividend Payout Ratio: 0.46 (As of Mar. 2026) — 19% Below Median

TIM TIMB +0.50% 87 Dividend Payout Ratio is 0.46 as of Mar. 2026, which is 19% below its 10-year median of 0.57. GuruFocus rates TIMB with a GF Score™ of 87/100 and a GF Value™ of $19.58 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 191 Telecommunication Services companies, TIM ranks worse than 76.96% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. TIM's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.46.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TIM SA is 0.83, which seems too high.

The historical rank and industry rank for TIM's Dividend Payout Ratio or its related term are showing as below:

TIMB' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.57 Max: 1.28
Current: 0.84

During the past 13 years, the highest Dividend Payout Ratio of TIM was 1.28. The lowest was 0.19. And the median was 0.57.

TIMB's Dividend Payout Ratio is ranked worse than
76.96% of 191 companies
in the Telecommunication Services industry
Industry Median: 0.53 vs TIMB: 0.84

As of today (2026-06-28), the Dividend Yield % of TIM is 6.46%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TIM was 12.96%. The lowest was 0.47%. And the median was 3.66%.

TIM's Dividends per Share for the months ended in Mar. 2026 was $0.17.

During the past 12 months, TIM's average Dividends Per Share Growth Rate was -29.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 63.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 45.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 31.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TIM was 68.80% per year. The lowest was -26.50% per year. And the median was 20.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

TIM (NYSE:TIMB) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

TIM Dividend Payout Ratio Related Terms

TIM Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TIM's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TIM Dividend Payout Ratio Chart

TIM Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.68

0.69

0.76

0.79

1.30

TIM Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.85	0.30	0.68	1.61	0.46

TIMB vs TMUS, VZ, T: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, TIM's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TIM Dividend Payout Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TIM's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where TIM's Dividend Payout Ratio falls into.

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87GF Score

TIM SA TIMB

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TIM Dividend Payout Ratio Calculation

TIM's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.341	/	1.802
	=	1.30

TIM's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.165	/	0.356
	=	0.46

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.46 mean?

TIM (TIMB) has a Dividend Payout Ratio of 0.46 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TIM and its competitors. This is 19% below median its historical median of 0.57. Over the past decade, TIM's Dividend Payout Ratio has ranged from 0.19 to 1.28. According to the industry distribution chart, TIM ranks #147 out of 191 companies in the Telecommunication Services industry, placing it in the top 77%.

Is TIM's Dividend Payout Ratio too high?

TIM's current Dividend Payout Ratio of 0.46 is 19% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.28. The Telecommunication Services industry median Dividend Payout Ratio is 0.53. TIM's value of 0.46 is 13.2% below this industry median. Based on the distribution chart, TIM ranks #147 out of 191 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, TIM has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TIM's Dividend Payout Ratio compare to TMUS and VZ?

According to the Telecommunication Services industry distribution chart, TIM ranks #147 out of 191 companies for Dividend Payout Ratio. This places TIM in the lower half of its industry. The industry median Dividend Payout Ratio is 0.53. TIM's value of 0.46 is 13.2% below this benchmark. Historically, TIM's own Dividend Payout Ratio has ranged from 0.19 to 1.28 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.53, TIM has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Telecommunication Services company?

The median Dividend Payout Ratio among Telecommunication Services companies is 0.53, based on 191 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TIM's current Dividend Payout Ratio of 0.46 is 13.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TIM and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TIM's current Dividend Payout Ratio is 0.46, which is 19% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TIM stock overvalued right now?

Based on GuruFocus' analysis, TIM (TIMB) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.58, compared to a current price of $22.03 — trading 12.5% above its estimated fair value. The current Dividend Payout Ratio is 0.46, which is 19% below median its 10-year median of 0.57 and 13.2% below the Telecommunication Services industry median of 0.53. TIM's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For TIM (TIMB), the current Dividend Payout Ratio is 0.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TIM (TIMB) Overvalued in 2026?

Based on GuruFocus' analysis, TIM stock appears to be overvalued. The current stock price of $22.03 is trading 12.5% above its estimated GF Value™ of $19.58. GuruFocus considers TIM to be Modestly Overvalued.

Key valuation signals for TIMB:

Dividend Payout Ratio: 0.46 (19% below median its 10-year median of 0.57)
GF Value™: $19.58 vs. price of $22.03 (12.5% above fair value)
GF Score™: 87/100 with 2 warning signs
Industry Position: 13.2% below the Telecommunication Services median (#147 of 191)

No single metric tells the full story. See the TIMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TIM Business Description

Industry Communication Services Telecommunication Services

Comparable Companies BSP:FIQE3 BSP:DESK3 BSP:BRST3 BSP:TELB3 BSP:WDCN3 BSP:OIBR3 BSP:DTCY3 BSP:FICT3 BSP:VIVT3 TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB

Other Exchanges TCZ:Germany TIMS3:Brazil TIMB:Argentina

Address Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057

Website https://www.tim.com.br

TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.

87GF Score

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$22.03

Price

$19.58

GF Value

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