Millicom's Dividend Insights and Market Outlook Ahead of Jul 8, 2025 Ex-Dividend Date

Generated by AI AgentAinvest Dividend Digest
Friday, Jul 4, 2025 7:03 pm ET1min read
Millicom (TIGO) has announced a cash dividend of $0.750 per share, with key dates including an ex-dividend date on Jul 8, 2025, and a payment date set for Jul 15, 2025. This dividend is lower compared to the average of the last ten dividends, which stood at $1.098 per share, indicating a potential shift in the company's dividend policy. Previously, on Apr 15, 2025, the company provided a cash dividend of the same $0.750 per share. Investors and analysts will closely monitor any implications this may have on the company's financial strategy and investor outlook.

Recently, International Cellular has been the focus of significant market activities. revised the company's price target to $50.00, suggesting optimism about its future performance despite recent market fluctuations. Over the past week, Scotiabank downgraded Millicom due to valuation concerns, sparking discussions about the company's current market position and strategies to maintain its competitiveness. Additionally, the board of the Colombian electricity company EPM approved the sale of its shares in Tigo-Une, setting the minimum price at 418,741 pesos (approximately $102.88) per share. This development might influence Millicom's operations, as they hold a right of first refusal and have plans to merge Tigo-Une with another entity, Coltel. Such strategic moves could significantly impact the company's operational footprint and financial health.

As of late, the stock market has been keeping a close eye on Millicom's moves, particularly with its inclusion in the Russell Midcap Value Index, which has been seen as a catalyst for potential growth. The stock trades at $37.78, which is notably 60% above its 52-week low, reflecting investor optimism despite recent downgrades.

In conclusion, Millicom's upcoming ex-dividend date on Jul 8, 2025, is crucial for investors considering their portfolios. This date marks the last opportunity to purchase shares and be eligible for the current dividend payout. Purchases made after this date will not qualify for the dividend, making it a pivotal moment for investment decisions regarding Millicom.

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