Millicom International Cellular SA (NASDAQ:TIGO) Declares Quarterly Dividend of $0.75

Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) announced a quarterly dividend on Thursday, March 26th. Investors of record on Wednesday, July 8th will be given 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 is Wednesday, July 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 decline. Equities 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%.

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Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $93.76 on Monday. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 12.74 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The business has a 50-day simple moving average of $85.67 and a 200 day simple moving average of $73.33. Millicom International Cellular has a 52 week low of $36.59 and a 52 week high of $95.38.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. On average, research analysts forecast that Millicom International Cellular will post 1.78 earnings per share for the current fiscal year.

Millicom International Cellular Company Profile

(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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