TIM S.A. Sponsored ADR (TIMB) To Go Ex-Dividend on June 29th

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Thursday, June 18th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.1618 per share on Wednesday, July 29th. The ex-dividend date of this dividend is Monday, June 29th.

TIM has increased its dividend by an average of 0.2%annually over the last three years. TIM has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TIM to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.1%.

TIM Trading Down 0.1%

Shares of NYSE TIMB opened at $20.71 on Friday. TIM has a twelve month low of $17.65 and a twelve month high of $28.22. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.07 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $23.70 and its 200-day moving average is $23.68.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. Equities research analysts predict that TIM will post 1.8 EPS for the current year.

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