TIM S.A. Sponsored ADR (TIMB) To Go Ex-Dividend on March 30th

TIM S.A. Sponsored ADR (NYSE:TIMB) announced a special dividend on Thursday, March 19th. Shareholders of record on Monday, March 30th will be paid 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 dividend payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect TIM to earn $1.56 per share next year, which means the company should continue to be able to cover its $1.47 annual dividend with an expected future payout ratio of 94.2%.

TIM Price Performance

Shares of NYSE TIMB opened at $25.50 on Friday. The company has a 50 day simple moving average of $25.23 and a two-hundred day simple moving average of $22.92. TIM has a fifty-two week low of $14.18 and a fifty-two week high of $27.74. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89.

TIM (NYSE:TIMB) last issued 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. TIM had a return on equity of 17.84% and a net margin of 16.28%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Analysts expect that TIM will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TIMB shares. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings upgraded TIM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Barclays lifted their price target on TIM from $23.50 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Finally, Bank of America assumed coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.67.

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