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

TIM S.A. Sponsored ADR (NYSE:TIMB) announced a special dividend on Thursday, June 18th. Investors 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 raised its dividend payment by an average of 0.2%per year over the last three years. TIM has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect TIM to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 48.1%.

TIM Trading Down 1.3%

NYSE:TIMB opened at $20.71 on Friday. The firm has a market capitalization of $10.03 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.09 and a beta of 0.37. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $23.82 and a 200 day moving average of $23.70. TIM has a 52 week low of $17.65 and a 52 week high of $28.22.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a return on equity of 17.77% and a net margin of 16.00%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, research analysts predict that TIM will post 1.8 earnings per share 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA