Tim S.A. Announces Annual Dividend of $0.11 (NYSE:TIMB)

Tim S.A. (NYSE:TIMB) declared an annual dividend on Thursday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.1086 per share on Wednesday, July 30th. This represents a yield of 7.6%. The ex-dividend date is Friday, May 23rd.

TIM Price Performance

TIMB stock opened at $17.42 on Wednesday. The company has a market capitalization of $8.43 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. TIM has a 52-week low of $11.32 and a 52-week high of $17.83. The business has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $14.23.

TIM (NYSE:TIMB) last released its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. Research analysts expect that TIM will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On TIM

Several hedge funds have recently modified their holdings of TIMB. Royal Bank of Canada lifted its position in shares of TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after buying an additional 789 shares in the last quarter. Amundi bought a new position in shares of TIM during the 1st quarter worth approximately $87,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after buying an additional 47,130 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TIMB shares. Barclays set a $17.50 price target on TIM in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Finally, Scotiabank cut their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research note on Wednesday, February 12th.

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.