Tim S.A. (NYSE:TIMB) Plans Quarterly Dividend of $0.06

Tim S.A. (NYSE:TIMB) announced a quarterly dividend on Wednesday, March 20th, Zacks reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.064 per share on Tuesday, April 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, March 28th.

TIM Trading Up 0.4 %

TIMB opened at $18.16 on Wednesday. TIM has a 1-year low of $11.91 and a 1-year high of $19.14. The stock’s fifty day simple moving average is $18.23 and its 200 day simple moving average is $17.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.76 and a current ratio of 0.79.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.37 earnings per share for the quarter. TIM had a return on equity of 10.71% and a net margin of 11.96%. The business had revenue of $1.27 billion for the quarter. Equities research analysts expect that TIM will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on TIM from $19.50 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Scotiabank reaffirmed a “sector perform” rating on shares of TIM in a report on Thursday, December 7th.

Institutional Trading of TIM

Several large investors have recently modified their holdings of TIMB. American Century Companies Inc. grew its holdings in shares of TIM by 42.9% during the 1st quarter. American Century Companies Inc. now owns 74,065 shares of the company’s stock worth $1,074,000 after purchasing an additional 22,230 shares in the last quarter. BlackRock Inc. grew its holdings in shares of TIM by 41.3% during the 1st quarter. BlackRock Inc. now owns 476,740 shares of the company’s stock worth $6,913,000 after purchasing an additional 139,387 shares in the last quarter. Ariel Investments LLC boosted its stake in TIM by 4.8% in the first quarter. Ariel Investments LLC now owns 396,301 shares of the company’s stock valued at $5,746,000 after buying an additional 18,067 shares in the last quarter. Renaissance Technologies LLC grew its position in TIM by 0.9% in the first quarter. Renaissance Technologies LLC now owns 680,186 shares of the company’s stock valued at $9,863,000 after acquiring an additional 6,100 shares during the last quarter. Finally, UBS Group AG grew its position in TIM by 3.7% in the first quarter. UBS Group AG now owns 33,648 shares of the company’s stock valued at $489,000 after acquiring an additional 1,202 shares during the last quarter.

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.