Tim S.A. (NYSE:TIMB) Raises Dividend to $0.17 Per Share

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given 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 5.81%. The ex-dividend date is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09.

TIM has a dividend payout ratio of 64.7% indicating that 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 $0.88 annual dividend with an expected future payout ratio of 63.3%.

TIM Stock Up 0.3 %

Shares of NYSE:TIMB opened at $11.85 on Friday. TIM has a 1 year low of $11.65 and a 1 year high of $19.14. The stock has a market capitalization of $5.74 billion, a P/E ratio of 9.40, a PEG ratio of 0.57 and a beta of 0.84. 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 stock has a 50-day simple moving average of $13.58 and a 200-day simple moving average of $14.94.

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

Analyst Ratings Changes

TIMB has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays decreased their price objective on TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, Scotiabank dropped their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 5th.

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.