TIM S.A. Sponsored ADR (NYSE:TIMB) to Issue $0.16 Special Dividend

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Wednesday, December 17th. Investors of record on Monday, December 29th will be paid a dividend of 0.1592 per share on Tuesday, July 7th. The ex-dividend date 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 payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of TIMB traded down $0.14 during trading hours on Thursday, hitting $20.56. The stock had a trading volume of 46,503 shares, compared to its average volume of 456,990. 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 firm has a 50-day moving average price of $22.36 and a 200 day moving average price of $20.82. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $23.88. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.71 and a beta of 0.51.

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