TIM S.A. Sponsored ADR (NYSE:TIMB) Plans Special Dividend of $0.21

TIM S.A. Sponsored ADR (NYSE:TIMB) announced a special dividend on Friday, September 18th. Investors of record on Monday, September 28th will be given a dividend of $0.2102 per share on Friday, January 29th. The ex-dividend date is Monday, September 28th.

TIM has increased its dividend payment by an average of 0.2%annually over the last three years. TIM has a payout ratio of 74.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TIM to earn $2.06 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 57.8%.

TIM Stock Down 0.9%

Shares of TIMB opened at $18.16 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $18.79 and a two-hundred day moving average price of $22.07. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.22 and a beta of 0.38. TIM has a 12 month low of $17.14 and a 12 month high of $28.22.

TIM (NYSE:TIMB) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $1.35 billion for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. Equities analysts predict that TIM will post 1.82 EPS for the current fiscal year.

Institutional Trading of TIM

A number of institutional investors have recently bought and sold shares of TIMB. Assetmark Inc. increased its holdings in TIM by 19.0% in the first quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after purchasing an additional 78,379 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in TIM by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 422,641 shares of the company’s stock worth $8,220,000 after purchasing an additional 9,846 shares during the period. Bank of America Corp DE grew its holdings in shares of TIM by 199.8% in the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after buying an additional 167,504 shares during the period. Hsbc Holdings PLC raised its stake in TIM by 55.5% during the 1st quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after buying an additional 48,232 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TIM by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 94,380 shares of the company’s stock worth $2,500,000 after acquiring an additional 2,437 shares in the last quarter.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data plans, broadband connectivity, digital services and related communications solutions.

The company operates a nationwide mobile network serving customers across Brazil, with services supported by 4G and 5G technologies. TIM also provides fixed broadband through fiber-based connections in selected locations and offers enterprise solutions such as connectivity, cloud-related services, machine-to-machine communications and Internet of Things applications.

Founded in Brazil in 1998 as part of the Telecom Italia group, TIM expanded through network development and acquisitions, including the purchase of mobile assets from Oi in 2022.