Tim S.A. (TIMB) to Issue Dividend of $0.23 on October 30th

Tim S.A. (NYSE:TIMB) announced a dividend on Thursday, April 3rd, investing.com reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.2288 per share on Thursday, October 30th. This represents a yield of 5.73%. The ex-dividend date is Thursday, April 10th. This is a 205.0% increase from TIM’s previous dividend of $0.08.

TIM has a payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 4.2 %

Shares of TIMB stock opened at $14.57 on Tuesday. The stock’s fifty day simple moving average is $14.61 and its 200 day simple moving average is $14.13. TIM has a twelve month low of $11.32 and a twelve month high of $18.78. The firm has a market capitalization of $7.05 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.67 and a beta of 0.53. 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 announced its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. As a group, sell-side analysts predict that TIM will post 1.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TIMB has been the subject of a number of recent analyst reports. Scotiabank reduced their target price on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th. 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 research note on Monday, March 17th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group cut their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th.

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.