Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) announced a quarterly dividend on Thursday, March 26th. Investors of record on Thursday, October 8th will be paid a dividend of $0.75 per share by the technology company on Thursday, October 15th. This represents a $3.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, October 8th.
Millicom International Cellular has a dividend 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. Analysts expect Millicom International Cellular to earn $4.34 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 69.1%.
Millicom International Cellular Price Performance
NASDAQ TIGO opened at $91.17 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07. The company has a market cap of $15.41 billion, a PE ratio of 23.02 and a beta of 0.93. Millicom International Cellular has a 52 week low of $44.88 and a 52 week high of $107.13. The firm’s 50-day simple moving average is $93.74 and its two-hundred day simple moving average is $88.36.
About Millicom International Cellular
Millicom International Cellular SA is a telecommunications and digital services company that operates under the Tigo brand. The company provides mobile voice and data services, fixed broadband, pay television, and other connectivity solutions to consumers and businesses in Latin America.
Millicom also offers digital financial services, including mobile money and payment products through Tigo Money in selected markets. Its business-to-business operations provide connectivity, cloud, cybersecurity, data center, and digital solutions to enterprises, governments, and other organizations.
Founded in 1990, Millicom has developed a telecommunications presence across Latin America, serving markets including Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Paraguay.
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