Tim Holding Stock To Go Ex-dividend Tomorrow (TSU)

NEW YORK (TheStreet) -- The ex-dividend date for Tim Holding Company (NYSE:TSU) is tomorrow, May 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 0 cents per share. At a price of $47.49 as of 10:02 a.m. ET, the dividend yield is 2.6%.

The average volume for Tim Holding has been 769,900 shares per day over the past 30 days. Tim Holding has a market cap of $12 billion and is part of the technology sector and telecommunications industry. Shares are up 40.7% year to date as of the close of trading on Friday.

TIM Participacoes S.A., through its subsidiaries, provides mobile telecommunications services primarily using global system for mobile communication technology in Brazil. The company has a P/E ratio of 15.4, below the average telecommunications industry P/E ratio of 93.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Tim Holding as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Tim Holding Ratings Report.

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