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

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders 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 2.04%. The ex-dividend date is Monday, September 30th.

TIM has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Analysts expect TIM to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 30.2%.

TIM Trading Up 0.5 %

NYSE:TIMB opened at $17.28 on Friday. TIM has a 12 month low of $13.84 and a 12 month high of $19.14. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.73 and a beta of 0.87. The firm has a fifty day simple moving average of $16.11 and a two-hundred day simple moving average of $16.24.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The company had revenue of $1.21 billion for the quarter. Analysts expect that TIM will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on TIMB shares. Barclays reduced their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Scotiabank raised shares of TIM from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $17.50 to $24.80 in a research report on Friday, September 20th.

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.