TIM S.A. Sponsored ADR (TIMB) to Issue Special Dividend of $0.16 on July 29th

TIM S.A. Sponsored ADR (NYSE:TIMB – Get Free Report) announced a special dividend on Thursday, June 18th. Shareholders of record on Monday, June 29th will be given a dividend of 0.1618 per share on Wednesday, July 29th. The ex-dividend date is Monday, June 29th.

TIM has increased its dividend by an average of 0.2%annually over the last three years. TIM has a payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect TIM to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.13 annual dividend with an expected future payout ratio of 54.3%.

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TIM Stock Performance

Shares of TIMB opened at $22.06 on Friday. The stock has a 50-day simple moving average of $23.12 and a 200-day simple moving average of $23.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market capitalization of $10.68 billion, a PE ratio of 13.45, a PEG ratio of 1.13 and a beta of 0.37. TIM has a 1 year low of $17.65 and a 1 year high of $28.22.

TIM (NYSE:TIMB – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. On average, analysts predict that TIM will post 1.8 earnings per share for the current fiscal year.

TIM Company Profile

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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

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