TIM S.A. Sponsored ADR (TIMB) to Issue Special Dividend of $0.21 on January 29th

TIM S.A. Sponsored ADR (NYSE:TIMB) announced a special dividend on Friday, September 18th. Investors of record on Monday, September 28th will be given a dividend of $0.2102 per share on Friday, January 29th. The ex-dividend date is Monday, September 28th.

TIM has increased its dividend payment by an average of 0.2%per year over the last three years. TIM has a payout ratio of 74.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 57.8%.

TIM Stock Down 0.9%

TIMB stock opened at $18.16 on Friday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.22 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The business’s 50-day moving average is $18.79 and its two-hundred day moving average is $22.07. TIM has a fifty-two week low of $17.14 and a fifty-two week high of $28.22.

TIM (NYSE:TIMB) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The business had revenue of $1.35 billion during the quarter. As a group, analysts forecast that TIM will post 1.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TIMB shares. Santander raised TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Barclays cut their price target on TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 price objective on shares of TIM in a report on Thursday, August 20th. Finally, Wall Street Zen lowered shares of TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.82.

About TIM

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data plans, broadband connectivity, digital services and related communications solutions.

The company operates a nationwide mobile network serving customers across Brazil, with services supported by 4G and 5G technologies. TIM also provides fixed broadband through fiber-based connections in selected locations and offers enterprise solutions such as connectivity, cloud-related services, machine-to-machine communications and Internet of Things applications.

Founded in Brazil in 1998 as part of the Telecom Italia group, TIM expanded through network development and acquisitions, including the purchase of mobile assets from Oi in 2022.