Tim S.A. (NYSE:TIMB) Increases Dividend to $0.23 Per Share

Tim S.A. (NYSE:TIMB - Get Free Report) announced a dividend on Thursday, April 3rd, investing.com reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.2288 per share on Thursday, October 30th. This represents a yield of 5.73%. The ex-dividend date is Thursday, April 10th. This is a 205.0% increase from TIM's previous dividend of $0.08.

TIM has a payout ratio of 57.3% meaning 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 Trading Down 0.4 %

Shares of NYSE:TIMB traded down $0.06 on Tuesday, hitting $14.54. 161,123 shares of the company's stock were exchanged, compared to its average volume of 587,350. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.67 and a beta of 0.53. TIM has a 12 month low of $11.32 and a 12 month high of $18.78. 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 business's 50 day simple moving average is $14.61 and its two-hundred day simple moving average is $14.13.

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

Analysts Set New Price Targets

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

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.