Tim S.A. (NYSE:TIMB) Announces Quarterly Dividend of $0.17

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.1723 per share on Thursday, January 30th. This represents a $0.69 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09.

TIM has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Analysts expect TIM to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 32.4%.

TIM Price Performance

TIM stock traded up $0.22 during midday trading on Thursday, reaching $12.04. The company’s stock had a trading volume of 547,440 shares, compared to its average volume of 479,940. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.83 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. TIM has a 52 week low of $11.76 and a 52 week high of $19.14. The business has a 50-day moving average price of $14.05 and a 200-day moving average price of $15.10.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $1.16 billion during the quarter. TIM had a net margin of 12.71% and a return on equity of 11.73%. On average, sell-side analysts predict that TIM will post 1.2 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays lowered their price objective on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Scotiabank decreased their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.