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

Millicom International Cellular S.A. (NASDAQ:TIGO) declared 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 of this dividend is Tuesday, April 8th.

Millicom International Cellular Price Performance

TIGO opened at $25.89 on Tuesday. The stock has a 50-day moving average price of $26.26 and a 200-day moving average price of $26.40. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a market cap of $4.46 billion, a PE 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TIGO. JPMorgan Chase & Co. lowered 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. Scotiabank lifted their price target on Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a research report on Friday. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, January 22nd. Morgan Stanley initiated coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 target price for the company. Finally, Hsbc Global Res raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One equities 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.