Tim S.A. (NYSE:TIMB) Announces $0.07 Quarterly Dividend

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.0717 per share on Tuesday, April 29th. This represents a $0.29 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 21st.

TIM has a dividend payout ratio of 57.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 67.2%.

TIM Stock Performance

NYSE TIMB traded up $0.27 during mid-day trading on Wednesday, reaching $14.99. 828,870 shares of the stock were exchanged, compared to its average volume of 631,324. The business’s 50 day moving average is $12.55 and its 200-day moving average is $14.46. TIM has a 1 year low of $11.32 and a 1 year high of $19.14. The company has a market capitalization of $7.26 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.71% and a return on equity of 11.73%. On average, equities research analysts forecast that TIM will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group decreased their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Barclays reduced their target price on shares of TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th.

TIM Company Profile

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.