Tim S.A. (NYSE:TIMB – Get Rating) declared 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 yield of 2.77%. The ex-dividend date of this dividend is Friday, June 24th.
TIMB opened at $12.19 on Wednesday. TIM has a 12-month low of $9.81 and a 12-month high of $15.61. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.90 billion, a PE ratio of 10.16, a P/E/G ratio of 1.04 and a beta of 0.73. The firm has a 50 day moving average of $13.69 and a two-hundred day moving average of $12.97.
TIM (NYSE:TIMB – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The company had revenue of $904.79 million during the quarter, compared to analyst estimates of $1.02 billion. TIM had a net margin of 16.66% and a return on equity of 9.35%. As a group, analysts predict that TIM will post 0.71 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC raised its holdings in shares of TIM by 58.4% during the 2nd quarter. Citadel Advisors LLC now owns 24,075 shares of the company’s stock worth $278,000 after acquiring an additional 8,880 shares during the period. Morgan Stanley raised its holdings in shares of TIM by 13.8% during the 2nd quarter. Morgan Stanley now owns 372,110 shares of the company’s stock worth $4,287,000 after acquiring an additional 45,058 shares during the period. Royal Bank of Canada raised its holdings in shares of TIM by 17.4% during the 3rd quarter. Royal Bank of Canada now owns 83,016 shares of the company’s stock worth $891,000 after acquiring an additional 12,298 shares during the period. Jane Street Group LLC raised its holdings in TIM by 62.3% in the 3rd quarter. Jane Street Group LLC now owns 30,489 shares of the company’s stock valued at $327,000 after buying an additional 11,700 shares during the period. Finally, Millennium Management LLC lifted its position in TIM by 17.6% in the fourth quarter. Millennium Management LLC now owns 338,633 shares of the company’s stock valued at $3,942,000 after buying an additional 50,652 shares during the last quarter. Institutional investors own 5.02% of the company’s stock.
About TIM (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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