Millicom International Cellular SA (TIGO) To Go Ex-Dividend on July 8th

by · The Markets Daily

Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) announced a quarterly dividend on Thursday, March 26th. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.75 per share by the technology company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 8th.

Millicom International Cellular has a payout ratio of 86.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Millicom International Cellular to earn $4.89 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 61.3%.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO opened at $93.76 on Monday. The company has a market cap of $15.85 billion, a P/E ratio of 12.74 and a beta of 0.92. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. Millicom International Cellular has a 1 year low of $36.59 and a 1 year high of $95.38. The stock’s fifty day moving average price is $85.67 and its 200-day moving average price is $73.33.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. Sell-side analysts expect that Millicom International Cellular will post 1.78 earnings per share for the current year.

About Millicom International Cellular

(Get Free Report)

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.

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