Tim S.A. (NYSE:TIMB) Plans Dividend Increase – $0.14 Per Share

Tim S.A. (NYSE:TIMB) announced a — dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.1394 per share on Thursday, May 7th. This represents a yield of 6%. The ex-dividend date is Friday, April 4th. This is a 12.0% increase from TIM’s previous — dividend of $0.12.

TIM has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TIM to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 57.7%.

TIM Stock Up 1.8 %

TIMB opened at $15.40 on Thursday. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $18.78. The firm’s fifty day moving average is $14.13 and its 200 day moving average is $14.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, sell-side analysts forecast that TIM will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TIMB shares. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Scotiabank dropped their target price on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th. Barclays lifted their price target on TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research report on Monday, March 17th. Finally, UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

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.