Tim S.A. (NYSE:TIMB) Declares Quarterly Dividend of $0.17

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors 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 yield of 5.72%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09.

TIM has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 32.4%.

TIM Stock Up 1.9 %

Shares of NYSE:TIMB traded up $0.22 during trading on Thursday, hitting $12.04. 612,040 shares of the company were exchanged, compared to its average volume of 480,709. The firm’s 50 day moving average price is $14.05 and its 200-day moving average price is $15.10. TIM has a 12-month low of $11.76 and a 12-month high of $19.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.56, a PEG ratio of 0.57 and a beta of 0.84.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. On average, research analysts predict that TIM will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on TIMB shares. 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 research note on Thursday. Barclays dropped their target price on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Scotiabank reduced their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

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.