Tim S.A. (TIMB) to Issue Quarterly Dividend of $0.17 on January 30th

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders 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 dividend yield of 5.81%. The ex-dividend date is Monday, December 30th. This is a positive change from TIM’s previous quarterly dividend of $0.09.

TIM has a dividend payout ratio of 64.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TIM to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 63.3%.

TIM Stock Performance

NYSE:TIMB opened at $11.85 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $5.74 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. TIM has a fifty-two week low of $11.65 and a fifty-two week high of $19.14. The business has a 50 day moving average price of $13.58 and a 200-day moving average price of $14.94.

TIM (NYSE:TIMB) last announced its earnings results 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). TIM had a return on equity of 11.73% and a net margin of 12.71%. The firm had revenue of $1.16 billion during the quarter. Equities research analysts predict that TIM will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group downgraded TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays cut their price objective on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, Scotiabank cut their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th.

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.