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An announcement from Millicom International Cellular SA ( (TIGO) ) is now available.
Millicom International Cellular S.A. has announced details regarding its interim dividend payment and the intended delisting of Swedish Depository Receipts (SDRs) from Nasdaq Stockholm. The interim dividend of $1.00 per share will be paid on January 10, 2025, to shareholders and registered SDR holders, with specific dates for record, ex-dividend, and payment outlined. The company plans to maintain its Nasdaq U.S. listing while delisting SDRs from Nasdaq Stockholm, with conversions to Millicom U.S. Shares necessary for SDR holders to remain shareholders. This move is part of Millicom’s broader strategy to streamline its market presence and potentially enhance shareholder value by focusing on its U.S. listing.
More about Millicom International Cellular SA
Millicom International Cellular S.A., operating under the brand name Tigo, is a telecommunications and media company. It provides a range of digital services, including mobile and fixed-line telephony, broadband, and cable television, primarily targeting emerging markets in Latin America and Africa.
YTD Price Performance: 38.11%
Average Trading Volume: 94,721
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.28B
For a thorough assessment of TIGO stock, go to TipRanks’ Stock Analysis page.
