Millicom Announces New Shareholder Remuneration Policy

Millicom International Cellular has approved a new dividend policy, including a $0.75 interim dividend for April 2025, and a proposed $3.00 per share dividend at the 2025 Annual Meeting, potentially boosting investor confidence.

Date: 15-01-2025

AI Rating: 7

Earnings Per Share (EPS) and Dividends
The report mentions the resumption of regular cash dividends and outlines specific dividend amounts. An interim dividend of $1.00 was paid, with an additional $0.75 to be paid in April 2025, which shows a commitment to returning value to shareholders. Also, a proposed $3.00 per share dividend indicates positive shareholder engagement and potential future profitability.

Capital Structure and Leverage
The board has set a long-term leverage target range of 2.0-2.5x, which suggests a prudent capital management approach. This target could indicate that the company is balancing growth with financial stability, which could reassure investors regarding the sustainability of dividend payments.

Overall, this reveals a strategy focused on rewarding shareholders while maintaining financial health, indicating reasonable optimism about the company's earnings potential moving forward.

Stocks: MIC