TIM S.A. Sponsored ADR (TIMB) to Distribute Special Dividend of $0.21 on January 29th

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

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 74.8% indicating that 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 Performance

NYSE:TIMB opened at $18.16 on Friday. TIM has a twelve month low of $17.14 and a twelve month high of $28.22. 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 stock’s 50-day simple moving average is $18.79 and its 200 day simple moving average is $22.07. The firm has a market capitalization of $8.79 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.22 and a beta of 0.38.

TIM (NYSE:TIMB) last issued its earnings results on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The firm had revenue of $1.35 billion during the quarter. On average, analysts anticipate that TIM will post 1.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TIMB. Barclays dropped their price objective on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Morgan Stanley reiterated a “market perform” rating and set a $22.00 price target on shares of TIM in a report on Thursday, August 20th. Wall Street Zen cut TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. Finally, Santander raised TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.82.

About TIM

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.