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

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Wednesday, December 17th. Shareholders 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 by an average of 0.1%annually over the last three years. TIM has a payout ratio of 59.7% meaning 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 Trading Down 1.0%

Shares of NYSE TIMB traded down $0.21 during midday trading on Thursday, hitting $20.49. 23,447 shares of the company traded hands, compared to its average volume of 456,951. TIM has a 12-month low of $11.32 and a 12-month high of $23.88. The firm has a market cap of $9.92 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.71 and a beta of 0.51. The stock has a 50-day moving average price of $22.36 and a 200 day moving average price of $20.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.96.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in TIM by 10.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock valued at $70,029,000 after acquiring an additional 339,384 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after purchasing an additional 47,130 shares during the period. Schroder Investment Management Group increased its holdings in TIM by 2.2% in the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock valued at $9,860,000 after purchasing an additional 9,879 shares during the last quarter. JPMorgan Chase & Co. boosted its position in TIM by 9.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after buying an additional 38,649 shares during the period. Finally, American Century Companies Inc. lifted its stake in TIM by 26.4% in the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after acquiring an additional 93,179 shares during the last quarter.

TIM Company Profile

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.