Tim S.A. (TIMB) To Go Ex-Dividend on February 21st

Tim S.A. (NYSE:TIMB) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.0717 per share on Tuesday, April 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, February 21st.

TIM has a payout ratio of 57.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 1.8 %

Shares of TIMB opened at $14.99 on Thursday. The stock has a 50 day moving average price of $12.59 and a 200 day moving average price of $14.46. 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 stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.60 and a beta of 0.84. TIM has a one year low of $11.32 and a one year high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results 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 12.71% and a return on equity of 11.73%. Equities research analysts forecast that TIM will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

TIMB has been the topic of several recent research reports. Barclays lowered their target price on TIM from $17.50 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group cut their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research report on Wednesday.

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.