Tim S.A. (NYSE:TIMB) Announces $0.08 Variable Dividend

Tim S.A. (NYSE:TIMB – Get Rating) announced a Variable dividend on Tuesday, June 21st, investing.com reports. Shareholders of record on Monday, June 27th will be given a dividend of 0.0822 per share on Wednesday, July 27th. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, June 24th.

Shares of NYSE TIMB opened at $12.13 on Thursday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.04 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. TIM has a 1-year low of $9.81 and a 1-year high of $15.61. The stock’s 50-day moving average is $13.64 and its 200 day moving average is $12.96.

TIM (NYSE:TIMB – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. TIM had a return on equity of 9.35% and a net margin of 16.66%. The company had revenue of $904.79 million for the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts forecast that TIM will post 0.71 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in TIM by 41.3% in the first quarter. BlackRock Inc. now owns 476,740 shares of the company’s stock valued at $6,913,000 after acquiring an additional 139,387 shares during the last quarter. Jane Street Group LLC lifted its stake in TIM by 47.3% during the first quarter. Jane Street Group LLC now owns 203,166 shares of the company’s stock worth $2,946,000 after purchasing an additional 65,228 shares in the last quarter. American Century Companies Inc. lifted its stake in TIM by 42.9% during the first quarter. American Century Companies Inc. now owns 74,065 shares of the company’s stock worth $1,074,000 after purchasing an additional 22,230 shares in the last quarter. Ariel Investments LLC lifted its stake in TIM by 4.8% during the first quarter. Ariel Investments LLC now owns 396,301 shares of the company’s stock worth $5,746,000 after purchasing an additional 18,067 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in TIM during the first quarter worth $192,000. Institutional investors and hedge funds own 5.02% of the company’s stock.

A number of research analysts have issued reports on the company. TheStreet cut TIM from a “b” rating to a “c+” rating in a research note on Tuesday. Citigroup initiated coverage on TIM in a report on Monday, April 18th. They set a “buy” rating for the company.

TIM Company Profile (Get Rating)

TIM SA operates as a telecommunications company in Brazil. The company provides mobile voice and data services, broadband internet access, value-added services, and other telecommunications services and products. It also offers fixed-line ultra-broadband and TIM Live services, as well as WTTx technology through Ultrafibra services and IoT solutions.

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