DividendAug 6, 2026, 06:13 AM
Millicom (Tigo) Raises 2026 Guidance, Declares $1.50 Interim Dividend
AI Summary
Millicom International Cellular S.A. (Tigo) announced an increase to its 2026 Equity Free Cash Flow (EFCF) target to around $1.1 billion, up from at least $900 million. The company also lowered its year-end leverage target to below 2.5x from around 2.5x. In light of this strong financial performance, the Board declared an interim dividend of $1.50 per share, payable in two equal installments on January 15, 2027, and April 15, 2027.
Key Highlights
- Raised 2026 Equity Free Cash Flow (EFCF) target to around $1.1 billion, up from at least $900 million.
- Lowered year-end leverage target to below 2.5x, from its previous target of around 2.5x.
- Declared an interim dividend of $1.50 per share.
- First dividend installment of $0.75 per share payable around January 15, 2027.
- Second dividend installment of $0.75 per share payable around April 15, 2027.
- Dividend payments will be subject to a 15% Luxembourg withholding tax.
Price Impact
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