TIM S.A. Sponsored ADR (NYSE:TIMB) Announces $0.19 Special Dividend

Key Points

• TIM S.A. announced a special dividend of $0.19 per share, with the ex-dividend date set for October 3rd and distribution scheduled for January 28th.
• The company's stock, TIMB, experienced a 1.0% decline in trading, reaching $21.81, with a current market cap of $10.56 billion.
• Based on recent analyst reports, TIM has received mixed ratings, with several upgrades and downgrades, resulting in a consensus rating of "Hold" and an average price target of $21.25.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) declared a special dividend on Tuesday, September 23rd. Investors of record on Friday, October 3rd will be paid a dividend of 0.1888 per share on Wednesday, January 28th. The ex-dividend date of this dividend is Friday, October 3rd.

TIM Trading Down 1.0%

TIMB traded down $0.23 during trading on Wednesday, hitting $21.81. 17,794 shares of the stock were exchanged, compared to its average volume of 498,129. TIM has a 1 year low of $11.32 and a 1 year high of $22.08. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 0.86 and a beta of 0.69. The firm has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $18.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $6.62 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. As a group, equities analysts expect that TIM will post 1.34 EPS for the current year.

Analysts Set New Price Targets

TIMB has been the subject of several recent research reports. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Citigroup started coverage on shares of TIM in a report on Wednesday, September 10th. They set a "buy" rating on the stock. HSBC lowered TIM to a "hold" rating in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their price target on TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Scotiabank boosted their price target on TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.25.

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.

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