Tim S.A. (TIMB) To Go Ex-Dividend on April 4th

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 paid 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 Trading Up 1.8 %

Shares of NYSE TIMB opened at $15.40 on Thursday. The business has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $14.20. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. TIM has a one year low of $11.32 and a one year high of $18.78. The firm has a market capitalization of $7.45 billion, a PE ratio of 13.05, a PEG ratio of 0.67 and a beta of 0.84.

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

Analyst Ratings Changes

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