Tim S.A. (NYSE:TIMB) Raises Dividend to $0.17 Per Share

Tim S.A. (NYSE:TIMB - Get Free Report) declared 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 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from TIM's previous quarterly dividend of $0.09.

TIM has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of TIMB traded up $0.22 during trading hours on Thursday, reaching $12.04. 612,040 shares of the company's stock traded hands, compared to its average volume of 480,709. TIM has a twelve month low of $11.76 and a twelve month high of $19.14. The business's fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $15.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.57 and a beta of 0.84.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TIMB. Barclays cut their target price on TIM from $18.00 to $17.50 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. UBS Group downgraded TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. The Goldman Sachs Group decreased their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Scotiabank cut their price target on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating on the stock in a report on Tuesday, November 5th.

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.