Tim S.A. (TIMB) to Issue Quarterly Dividend of $0.09 on October 30th

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.088 per share on Wednesday, October 30th. This represents a $0.35 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, September 30th.

TIM has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $1.49 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 30.2%.

TIM Trading Up 0.5 %

NYSE TIMB opened at $17.28 on Friday. The stock has a market capitalization of $8.36 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.73 and a beta of 0.87. TIM has a 52-week low of $13.84 and a 52-week high of $19.14. The firm has a 50-day moving average price of $16.11 and a 200 day moving average price of $16.26. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The company had revenue of $1.21 billion during the quarter. Equities research analysts expect that TIM will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TIMB shares. Scotiabank upgraded shares of TIM from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $17.50 to $24.80 in a research report on Friday, September 20th. Barclays decreased their target price on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

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.