TIM S.A. Sponsored ADR (NYSE:TIMB) to Issue $0.68 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 0.6784 per share on Wednesday, January 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. Research 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 Stock Performance

Shares of NYSE:TIMB traded down $0.14 during trading on Thursday, hitting $20.56. 46,503 shares of the company traded hands, compared to its average volume of 456,990. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average is $22.36 and its 200-day moving average is $20.82. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.71 and a beta of 0.51. TIM has a one year low of $11.32 and a one year high of $23.88.

TIM (NYSE:TIMB) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The business 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, equities analysts predict that TIM will post 1.34 earnings per share for the current fiscal 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.