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

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

TIM has raised its dividend payment by an average of 0.2%annually over the last three years. TIM has a payout ratio of 74.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.9%

Shares of NYSE:TIMB opened at $18.16 on Friday. The firm has a market capitalization of $8.79 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.22 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82. The business’s 50-day moving average is $18.79 and its 200 day moving average is $22.07. TIM has a 1 year low of $17.14 and a 1 year high of $28.22.

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

About TIM

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.