TIM S.A. Sponsored ADR (NYSE:TIMB) to Issue Special Dividend of $0.68

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Wednesday, December 17th. Stockholders of record on Monday, December 29th will be paid a dividend of 0.6784 per share on Wednesday, January 7th. The ex-dividend date is Monday, December 29th.

TIM has decreased its dividend payment by an average of 0.1%per year over the last three years. TIM has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 60.9%.

TIM Stock Down 1.0%

Shares of NYSE TIMB traded down $0.21 during mid-day trading on Thursday, reaching $20.49. The company had a trading volume of 23,447 shares, compared to its average volume of 456,951. TIM has a 12-month low of $11.32 and a 12-month high of $23.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.96. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.71 and a beta of 0.51. The stock has a fifty day moving average of $22.36 and a two-hundred day moving average of $20.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in TIM by 10.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock worth $70,029,000 after acquiring an additional 339,384 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after purchasing an additional 47,130 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of TIM by 2.2% during the third quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock worth $9,860,000 after purchasing an additional 9,879 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of TIM by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after buying an additional 38,649 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of TIM by 26.4% in the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after buying an additional 93,179 shares in the last quarter.

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.