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

Millicom International Cellular SA (NASDAQ:TIGO) declared a quarterly dividend on Thursday, March 26th. Stockholders 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) 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% 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 $4.89 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 Price Performance

Millicom International Cellular stock opened at $93.76 on Monday. The stock has a market capitalization 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 quick ratio of 0.60 and a current ratio of 0.62. The stock has a fifty day moving average of $85.67 and a 200-day 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) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, sell-side analysts expect that Millicom International Cellular will post 1.78 earnings per share for the current fiscal year.

Millicom International Cellular Company Profile

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.