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

Tim S.A. (NYSE:TIMB) declared a — dividend on Wednesday, March 26th, Wall Street Journal reports. Investors 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 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 Performance

TIMB stock traded up $0.27 during mid-day trading on Wednesday, hitting $15.40. The company had a trading volume of 415,549 shares, compared to its average volume of 491,253. 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 firm has a market cap of $7.45 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. TIM has a 12 month low of $11.32 and a 12 month high of $18.78. The stock’s fifty day moving average price is $14.07 and its two-hundred day moving average price is $14.19.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. On average, analysts forecast that TIM will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TIMB shares. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank lowered their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased 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. Finally, Barclays lifted their price target on shares of 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.