Millicom Raises 2026 Cash Flow Target to $1.1B, Declares $1.50 Interim Dividend
TIGO has more than doubled off its 52-week low of $39.014.
Summary
Millicom boosted its 2026 equity free cash flow target to around $1.1 billion, up from a prior floor of $900 million, and cut its year-end leverage target to below 2.5x. The board also declared a $1.50 per share interim dividend, payable in two $0.75 installments in January and April 2027. This follows the $3 annual dividend approved in May and a series of insider sales and major shareholder accumulation in recent months. The guidance raise signals stronger-than-expected operating momentum and cash generation, directly enhancing shareholder returns. The interim dividend adds to the existing capital return program and reflects management's confidence in sustained performance.
At the time of this announcement, TIGO was trading at $93.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $15.4B. The 52-week trading range was $39.01 to $100.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.