TIM S.A. Sponsored ADR (NYSE:TIMB) Shares Will Pay Special Dividend of $0.21

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

TIM has raised its dividend by an average of 0.2%annually over the last three years. TIM has a dividend payout ratio of 74.8% meaning its dividend is sufficiently covered by earnings. Equities research 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

Shares of TIMB opened at $18.16 on Friday. The company’s 50 day simple moving average is $18.79 and its 200-day simple moving average is $22.07. The firm has a market cap 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 has a 12-month low of $17.14 and a 12-month high of $28.22. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55.

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

Wall Street Analyst Weigh In

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

TIM Company Profile

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.