Millicom International Cellular SA ( (TIGO) ) has provided an announcement.
On January 14, 2025, Millicom International Cellular S.A. announced a new shareholder remuneration policy aiming to resume and potentially grow regular cash dividends while maintaining a prudent capital structure. The policy reflects the company’s strategy to manage cash flow generation in response to the capital-intensive and volatile nature of its business environment in Latin America. Following a $1.00/share interim dividend paid on January 10, Millicom plans to pay an additional $0.75/share in April 2025, and propose a $3.00 per share dividend in four installments throughout 2025 and early 2026, pending shareholder approval.
More about Millicom International Cellular SA
Millicom International Cellular S.A., known as Tigo, is a leading provider of fixed and mobile telecommunications services in Latin America. Through its brands TIGO and Tigo Business, it offers a wide array of digital services including mobile financial services, entertainment, pay TV, and business-to-business solutions. Headquartered in Luxembourg and founded in 1990, the company serves over 46 million customers and operates a fiber-cable network across approximately 14 million homes.
YTD Price Performance: 2.50%
Average Trading Volume: 140,334
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.21B
See more data about TIGO stock on TipRanks’ Stock Analysis page.