TIM S.A. Sponsored ADR (TIMB) to Issue Special Dividend of $0.16 on July 7th

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Wednesday, December 17th. Shareholders of record on Monday, December 29th will be given a dividend of 0.1592 per share on Tuesday, July 7th. The ex-dividend date of this dividend is Monday, December 29th.

TIM has decreased its dividend payment by an average of 0.1%annually over the last three years. TIM has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect TIM to earn $1.56 per share next year, which means the company may not be able to cover its $1.58 annual dividend with an expected future payout ratio of 101.3%.

TIM Stock Performance

Shares of TIMB opened at $20.25 on Friday. The stock has a 50 day moving average of $22.25 and a 200 day moving average of $20.92. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.70 and a beta of 0.51. TIM has a 12 month low of $11.32 and a 12 month high of $23.88. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

TIM (NYSE:TIMB) last released its earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. TIM had a return on equity of 15.72% and a net margin of 15.35%.The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, sell-side analysts forecast that TIM will post 1.34 earnings per share for the current 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