Tim S.A. (NYSE:TIMB) to Issue Quarterly Dividend of $0.09

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.088 per share on Wednesday, October 30th. This represents a $0.35 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, September 30th.

TIM has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TIM to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 30.9%.

TIM Price Performance

Shares of TIM stock opened at $17.00 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88. The business has a 50-day moving average of $15.86 and a 200 day moving average of $16.31. TIM has a 12 month low of $13.84 and a 12 month high of $19.14.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $1.21 billion for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. Equities analysts anticipate that TIM will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TIMB. Scotiabank raised shares of TIM from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $17.50 to $24.80 in a research report on Friday. Barclays decreased their target price on TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd.

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.