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

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Thursday, June 18th. Shareholders of record on Monday, June 29th will be paid a dividend of 0.1618 per share on Wednesday, July 29th. The ex-dividend date of this dividend is Monday, June 29th.

TIM has raised its dividend by an average of 0.2%annually over the last three years. TIM has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.1%.

TIM Stock Down 1.3%

Shares of NYSE:TIMB opened at $20.71 on Friday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.09 and a beta of 0.37. TIM has a fifty-two week low of $17.65 and a fifty-two week high of $28.22. The firm’s 50-day simple moving average is $23.82 and its 200-day simple moving average is $23.70. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a return on equity of 17.77% and a net margin of 16.00%.The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities research analysts predict that TIM will post 1.8 earnings per share for the current 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