TIM S.A. Sponsored ADR Announces Special Dividend of $0.16 (NYSE:TIMB)

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Thursday, March 19th. Stockholders of record on Monday, March 30th will be given a dividend of 0.1552 per share on Thursday, May 7th. The ex-dividend date is Monday, March 30th.

TIM has raised its dividend payment by an average of 0.2%per year over the last three years. TIM has a payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect TIM to earn $1.56 per share next year, which means the company should continue to be able to cover its $1.35 annual dividend with an expected future payout ratio of 86.5%.

TIM Stock Performance

Shares of TIMB stock traded down $0.93 on Friday, reaching $24.56. The stock had a trading volume of 286,043 shares, compared to its average volume of 430,856. TIM has a 12 month low of $14.18 and a 12 month high of $27.74. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.64 and a beta of 0.46. The firm’s 50-day moving average is $24.68 and its two-hundred day moving average is $22.73. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. On average, research analysts expect that TIM will post 1.34 EPS for the current fiscal year.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA