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

Millicom International Cellular SA (NASDAQ:TIGO) declared 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, October 8th.

Millicom International Cellular has a dividend 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 tumble. Research 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 Trading Up 3.2%

TIGO opened at $91.17 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $15.41 billion, a PE ratio of 23.02 and a beta of 0.93. Millicom International Cellular has a 1-year low of $44.88 and a 1-year high of $107.13. The firm has a 50-day moving average price of $93.74 and a two-hundred day moving average price of $88.36.

Institutional Trading of Millicom International Cellular

A number of institutional investors have recently bought and sold shares of the business. Cullen Capital Management LLC acquired a new position in shares of Millicom International Cellular in the 2nd quarter valued at $71,258,000. Renaissance Technologies LLC grew its stake in shares of Millicom International Cellular by 18.9% during the first quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock worth $41,201,000 after purchasing an additional 87,400 shares during the period. Sei Investments Co. grew its stake in shares of Millicom International Cellular by 31.7% during the first quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock worth $40,990,000 after purchasing an additional 131,580 shares during the period. Amundi increased its holdings in Millicom International Cellular by 120.8% in the first quarter. Amundi now owns 529,936 shares of the technology company’s stock valued at $39,713,000 after purchasing an additional 289,913 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Millicom International Cellular in the second quarter valued at about $45,791,000.

Millicom International Cellular Company Profile

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.