Tim S.A. (NYSE:TIMB) Increases Dividend to $0.14 Per Share

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

TIM has a dividend payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. 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 Down 1.1 %

Shares of NYSE TIMB traded down $0.17 during mid-day trading on Friday, reaching $15.42. The company had a trading volume of 234,096 shares, compared to its average volume of 507,735. 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 company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.67 and a beta of 0.84. The stock has a fifty day moving average of $14.27 and a two-hundred day moving average of $14.19. TIM has a 12-month low of $11.32 and a 12-month high of $18.78.

TIM (NYSE:TIMB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. As a group, equities research analysts expect that TIM will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group downgraded TIM from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Barclays boosted their price target on TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. Scotiabank lowered their price objective on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group cut their price objective on TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th.

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.