Tim S.A. (NYSE:TIMB) Plans Quarterly Dividend of $0.07

Tim S.A. (NYSE:TIMB - Get Free Report) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.0717 per share on Tuesday, April 29th. This represents a $0.29 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 21st.

TIM has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TIM to earn $1.34 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 67.2%.

TIM Price Performance

Shares of NYSE TIMB traded up $0.10 during mid-day trading on Friday, hitting $15.21. 1,233,145 shares of the stock were exchanged, compared to its average volume of 635,818. The company has a market cap of $7.36 billion, a P/E ratio of 12.07, a PEG ratio of 0.60 and a beta of 0.84. The stock's fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $14.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. TIM has a twelve month low of $11.32 and a twelve month high of $19.14.

TIM (NYSE:TIMB - Get Free Report) last posted 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 11.73% and a net margin of 12.71%. As a group, analysts forecast that TIM will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TIMB. UBS Group lowered shares of TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. The Goldman Sachs Group lowered their price target on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a report on Wednesday. Finally, Barclays lowered their price target on shares of TIM from $17.50 to $15.50 and set an "equal weight" rating for the company in a report on Tuesday, January 14th.

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.