Tim S.A. (NYSE:TIMB) Declares Quarterly Dividend of $0.09

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 is Monday, September 30th.

TIM has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.5 %

Shares of NYSE TIMB opened at $17.28 on Friday. TIM has a 1 year low of $13.84 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market cap of $8.37 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.87. The company has a 50 day simple moving average of $16.11 and a 200 day simple moving average of $16.24.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.31 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 for the quarter. On average, research analysts forecast that TIM will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TIMB shares. Barclays reduced their price target on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Scotiabank raised TIM from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $17.50 to $24.80 in a research note on Friday, September 20th.

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.