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

TIM S.A. Sponsored ADR (NYSE:TIMB) declared a special dividend on Thursday, June 18th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.1618 per share on Wednesday, July 29th. The ex-dividend date is Monday, June 29th.

TIM has raised its dividend by an average of 0.2%per year over the last three years. TIM has a dividend 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 Stock Performance

TIM stock opened at $20.71 on Friday. The firm’s fifty day moving average price is $23.82 and its 200-day moving average price is $23.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a market cap of $10.03 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.09 and a beta of 0.37. TIM has a fifty-two week low of $17.65 and a fifty-two week high of $28.22.

TIM (NYSE:TIMB) last posted its quarterly earnings data 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities research analysts expect that TIM will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the transaction, the insider owned 36,686 shares in the company, valued at $162,152.12. This trade represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in shares of TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after acquiring an additional 494 shares during the last quarter. Kestra Advisory Services LLC bought a new position in TIM during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC grew its position in TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after acquiring an additional 1,345 shares during the last quarter. Raymond James Financial Inc. bought a new position in TIM during the 2nd quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. purchased a new position in TIM in the 4th quarter worth approximately $56,000.

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