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

Millicom International Cellular SA (NASDAQ:TIGO) declared a quarterly dividend on Thursday, March 26th. Investors 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) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, July 8th.

Millicom International Cellular has a payout ratio of 86.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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

Millicom International Cellular stock opened at $93.76 on Monday. The firm has a fifty day simple moving average of $85.67 and a two-hundred day simple moving average of $73.33. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. Millicom International Cellular has a twelve month low of $36.59 and a twelve month high of $95.38. The company has a market capitalization of $15.85 billion, a PE ratio of 12.74 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $1.99 billion for 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%. Research analysts expect that Millicom International Cellular will post 1.78 EPS for the current year.

Analyst Ratings Changes

TIGO has been the subject of a number of recent analyst reports. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Tuesday, May 26th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. increased their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and an average target price of $77.28.

About Millicom International Cellular

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.