Tim S.A. (NYSE:TIMB) to Issue — Dividend of $0.14

Tim S.A. (NYSE:TIMB) announced a — dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.1394 per share on Thursday, May 7th. This represents a dividend yield of 6%. The ex-dividend date is Friday, April 4th. This is a 12.0% increase from TIM’s previous — dividend of $0.12.

TIM has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 1.8 %

TIMB traded up $0.27 during trading on Wednesday, reaching $15.40. 509,879 shares of the stock were exchanged, compared to its average volume of 491,628. 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’s 50 day moving average price is $14.07 and its two-hundred day moving average price is $14.19. TIM has a twelve month low of $11.32 and a twelve month high of $18.78. The stock has a market cap of $7.45 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. Equities analysts expect that TIM will post 1.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on TIMB shares. The Goldman Sachs Group reduced their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Barclays increased their price objective on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a research report on Monday, March 17th. Finally, Scotiabank reduced their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th.

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.