Tim S.A. (TIMB) To Go Ex-Dividend on December 30th

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.1723 per share on Thursday, January 30th. This represents a $0.69 annualized dividend and a yield of 5.72%. The ex-dividend date is Monday, December 30th. This is an increase from TIM’s previous quarterly dividend of $0.09.

TIM has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TIM to earn $1.39 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 32.4%.

TIM Trading Up 1.9 %

Shares of TIMB opened at $12.04 on Friday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.57 and a beta of 0.84. TIM has a 1-year low of $11.76 and a 1-year high of $19.14. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $13.98 and its 200 day moving average price is $15.07.

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

Analyst Upgrades and Downgrades

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

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.