Millicom International Cellular S.A.
TIGOCommunication Services · Stock · quarterly payer
Forward Yield
3.18%
Annual Dividend
$3.00
Payout Ratio
75%
5-Yr Growth
—
Ex-Date
Oct 8, 2026
Frequency
Quarterly
Summary
As of September 2026, Millicom International Cellular S.A. (TIGO) yields 3.18% ($3.00 per share annually), with a blended fair-value estimate of $97.50 — +3% upside, so it screens as fairly valued. Dividend safety grade: D (49/100).
Is TIGO a good dividend stock?
MixedMillicom International Cellular S.A. (TIGO) pays a quarterly dividend yielding 3.18% ($3.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 170% total price return over 5 years
Risks
- Cut its dividend in 2025
- Below-average dividend safety score
Key Data
- Dividend Yield
- 3.18%
- Payout Ratio
- 75%
- Annual Dividend
- $3.00
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Oct 8, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.90
- Market Cap
- $15.8B
- P/E Ratio
- 23.5
- 5-Yr Total Return
- 170%
- 52-Week Range
- $44.88 – $107.13
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
TIGO Price — Last 12 Months
Daily close
Price Return
1 Year
+100%
3 Years
+500%
5 Years
+170%
52-Week Range
$44.88 – $107.13
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TIGO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Millicom International Cellular S.A. is $97.50 per share, versus a market price of $94.26. That implies the stock is roughly fairly priced.
Fair Value
$97.50
Current Price
$94.26
Gap
+3%
Margin of Safety
3%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.8% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $4.01 EPS, $3.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TIGO Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 8, 2026 | — | $0.7500 | regular |
| Apr 8, 2026 | — | $2.0000 | regular |
| Jan 8, 2026 | — | $0.7500 | regular |
| Oct 8, 2025 | — | $2.0000 | regular |
| Jul 8, 2025 | — | $0.7500 | regular |
| Apr 8, 2025 | — | $0.7500 | regular |
| Jan 3, 2025 | — | $1.0000 | regular |
| Nov 5, 2019 | — | $1.3200 | regular |
| May 3, 2019 | — | $1.3200 | regular |
Income Calculator
At $3.00 / yr per share
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