Millicom’s Market Outlook and Dividend Insights for Jul 8, 2025 Ex-Dividend Date

Millicom, also known as TIGO, recently made an announcement regarding a cash dividend of $0.750 per share. The important dates to note are the ex-dividend date on July 8, 2025, and the payment date scheduled for July 15, 2025. It’s worth mentioning that this particular dividend is lower than the average of the last ten dividends, which amounted to $1.098 per share. This variance could possibly signal a change in Millicom’s dividend policy. Notably, on April 15, 2025, the company had previously declared a cash dividend of $0.750 per share.

This development has stirred interest among investors and analysts, who are keen to observe the impact this may have on the company’s financial tactics and overall investor sentiment. Millicom International Cellular has recently been under the spotlight in the market. JPMorgan Chase & Co. raised the company’s price target to $50.00, indicating confidence in its future performance despite recent market fluctuations. Conversely, Scotiabank downgraded Millicom in light of concerns surrounding its valuation, leading to discussions about the company’s current market position and strategies employed to maintain its competitive edge.

Furthermore, the board of the Colombian electricity entity, EPM, gave the green light for the sale of its shares in Tigo-Une. Notably, the minimum price for these shares was set at 418,741 pesos (approximately $102.88) per share. This decision could potentially affect Millicom, as they retain a right of first refusal and have plans to merge Tigo-Une with Coltel. Such strategic maneuvers have the potential to significantly impact the company’s operational landscape and financial stability.

In the current landscape, the stock market has been closely monitoring Millicom’s recent endeavors. Especially noteworthy was its inclusion in the Russell Midcap Value Index, which is perceived as a driver for potential growth. The current trading price of the stock stands at $37.78, which represents a remarkable 60% increase from its 52-week low. This surge in value reflects the optimism prevailing among investors, despite recent downgrades.

In summary, the impending ex-dividend date of July 8, 2025, holds considerable importance for investors evaluating their portfolios. This date stands as the final opportunity to acquire shares and qualify for the ongoing dividend distribution. Any purchases made post this date will not render investors eligible for the dividend, making this a pivotal juncture for those contemplating investment decisions concerning Millicom.