Tim S.A. (NYSE:TIMB) Announces — Dividend of $0.14

Tim S.A. (NYSE:TIMB) announced a — dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.1394 per share on Thursday, May 7th. This represents a dividend yield of 6%. The ex-dividend date is Friday, April 4th. This is a 12.0% increase from TIM’s previous — dividend of $0.12.

TIM has a payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $1.56 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 57.7%.

TIM Price Performance

TIMB traded up $0.27 on Wednesday, hitting $15.40. 509,879 shares of the stock were exchanged, compared to its average volume of 491,628. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.67 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. TIM has a 12 month low of $11.32 and a 12 month high of $18.78. The business has a 50-day moving average of $14.07 and a two-hundred day moving average of $14.19.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Sell-side analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

Analyst Ratings Changes

TIMB has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays increased their target price on shares of TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday, March 17th. Finally, Scotiabank decreased their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th.

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.