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Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.

Millicom International Cellular Dividend Announcement

Millicom International Cellular announced a semi annually dividend of $1.32 per ordinary share which will be made payable on 2019-11-12. Ex dividend date: 2019-11-05
Millicom International Cellular's trailing twelve-month (TTM) dividend yield is -%

Millicom International Cellular Dividend History

Ex-Div dateDividend amountDividend typePay date
2019-11-05$1.32semi annually2019-11-12
2019-05-03$1.32semi annually2019-05-10

Millicom International Cellular Dividend per year

Millicom International Cellular Dividend Yield

Millicom International Cellular current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Millicom International Cellular stock? Use our calculator to estimate your expected dividend yield:

Millicom International Cellular Financial Ratios

P/E ratio56.15
PEG ratio3.42
P/B ratio1.25
ROE2.27%
Payout ratio0.00%
Current ratio0.92
Quick ratio0.89
Cash Ratio0.40

Millicom International Cellular Dividend FAQ

Does Millicom International Cellular stock pay dividends?
Millicom International Cellular does not currently pay dividends to its shareholders.
Has Millicom International Cellular ever paid a dividend?
No, Millicom International Cellular has no a history of paying dividends to its shareholders. Millicom International Cellular is not known for its dividend payments.
Why doesn't Millicom International Cellular pay dividends?
There are several potential reasons why Millicom International Cellular would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Millicom International Cellular ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Millicom International Cellular has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Millicom International Cellular a dividend aristocrat?
Millicom International Cellular is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Millicom International Cellular a dividend king?
Millicom International Cellular is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Millicom International Cellular a dividend stock?
No, Millicom International Cellular is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Millicom International Cellular stocks?
To buy Millicom International Cellular you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Millicom International Cellular stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.