TIM S.A. Sponsored ADR (NYSE:TIMB) to Issue Special Dividend of $0.16

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Thursday, March 19th. Shareholders of record on Monday, March 30th will be paid a dividend of 0.1552 per share on Thursday, May 7th. The ex-dividend date of this dividend is Monday, March 30th.

TIM has increased its dividend by an average of 0.2%annually over the last three years. TIM has a payout ratio of 84.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect TIM to earn $1.56 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 86.5%.

TIM Trading Down 3.6%

Shares of TIMB stock traded down $0.93 on Friday, reaching $24.56. 286,043 shares of the stock were exchanged, compared to its average volume of 430,856. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. TIM has a one year low of $14.18 and a one year high of $27.74. The stock has a market cap of $11.89 billion, a PE ratio of 15.36, a P/E/G ratio of 0.64 and a beta of 0.46. The stock has a 50 day moving average price of $24.68 and a 200 day moving average price of $22.73.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. Equities research analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA