Millicom Announces Quarterly Dividend and Provides Financial Metrics
What happened
Millicom International Cellular announced a quarterly dividend of $0.75 per share for investors of record on October 8th, with the payout scheduled for October 15th. This dividend represents an annualized amount of $3.00 and a yield of 3.3%.
From dailypolitical.com
Why it matters
The company's dividend payout ratio is 86.2%, meaning the dividend is currently covered by earnings, though future coverage may be uncertain. Analysts expect Millicom International Cellular to earn $4.34 per share next year, which would lower the expected annual payout ratio to 69.1%.
From dailypolitical.com
Who's involved
- MillicomLuxembourgish multinational telecommunications and media company that announced the dividend
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The entities involved
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Millicom
Luxembourgish multinational telecommunications and media company
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