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

Millicom International Cellular SA (NASDAQ:TIGO) announced a quarterly dividend on Wednesday, May 21st. Stockholders of record on Thursday, January 8th will be paid a dividend of 0.75 per share by the technology company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, January 8th.

Millicom International Cellular has decreased its dividend payment by an average of 1.0%per year over the last three years. 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. Equities research analysts expect Millicom International Cellular to earn $2.84 per share next year, which means the company may not be able to cover its $3.00 annual dividend with an expected future payout ratio of 105.6%.

Millicom International Cellular Stock Up 1.2%

Shares of Millicom International Cellular stock opened at $57.22 on Tuesday. The firm has a market cap of $9.85 billion, a PE ratio of 8.76 and a beta of 0.94. The business’s 50 day simple moving average is $51.95 and its 200 day simple moving average is $46.83. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93. Millicom International Cellular has a 52-week low of $23.61 and a 52-week high of $57.28.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that Millicom International Cellular will post 1.91 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.