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

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.0717 per share on Tuesday, April 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, February 21st.

TIM has a dividend payout ratio of 57.7% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of TIMB stock traded up $0.27 on Wednesday, reaching $14.99. The company’s stock had a trading volume of 828,870 shares, compared to its average volume of 631,324. The company has a market capitalization of $7.26 billion, a P/E ratio of 11.90, a PEG ratio of 0.60 and a beta of 0.84. TIM has a 12-month low of $11.32 and a 12-month high of $19.14. The stock’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $14.46. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.71% and a return on equity of 11.73%. As a group, equities analysts predict that TIM will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TIMB shares. The Goldman Sachs Group cut their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Scotiabank dropped their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research note on Wednesday. Finally, Barclays cut their price objective on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a 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.