Millicom International Cellular S.A. (NASDAQ:TIGO) Announces $0.75 Annual Dividend

Millicom International Cellular S.A. (NASDAQ:TIGO) announced an annual dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.75 per share by the technology company on Tuesday, April 15th. This represents a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 8th.

Millicom International Cellular Stock Performance

NASDAQ:TIGO traded down $0.39 during trading hours on Monday, reaching $25.89. 1,084,519 shares of the company’s stock were exchanged, compared to its average volume of 403,940. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 27.54 and a beta of 1.18. Millicom International Cellular has a 1-year low of $17.62 and a 1-year high of $28.98. The company has a 50-day moving average of $26.23 and a 200 day moving average of $26.40. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Analysts Set New Price Targets

TIGO has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research report on Friday. Morgan Stanley began coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price objective on the stock. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Millicom International Cellular has a consensus rating of “Buy” and a consensus target price of $33.98.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.