Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025
Rhea-AI Summary
Millicom (Tigo) has announced an interim dividend of $0.75 per share, scheduled for payment on April 15, 2025. The dividend will be paid to shareholders registered with Broadridge on April 8, 2025, which is also the ex-dividend date.
The company plans to submit a delisting application with Nasdaq Stockholm on March 3, 2025, leading to the termination of the SDR program. The last trading day for SDRs is expected to be around March 17, 2025. Only common shareholders as of the record date will receive the dividend.
The dividend payment will be subject to a 15% Luxembourg withholding tax, though shareholders may be eligible for reduced rates through double tax treaties or exemptions under Luxembourg tax law.
Positive
- Dividend payment of $0.75 per share announced
- Clear timeline for dividend distribution provided
Negative
- 15% withholding tax reduces actual dividend received
- Delisting from Nasdaq Stockholm reduces trading venue options
- SDR holders will not receive the dividend
News Market Reaction
On the day this news was published, TIGO gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) declares
Luxembourg, February 26, 2025 – In line with the press release published on January 14, 2025, the Board of Directors of Millicom International Cellular S.A. (“Millicom”) approved the interim dividend of
- Interim Dividend Record Date: the Interim Dividend will be paid to shareholders who are registered in the U.S. with Broadridge on April 8, 2025, at 23.59 CET;
- Ex-dividend Date: the last trading day on which shares acquired will be eligible to receive the Interim Dividend payment, would be April 8, 2025;
- Currency: the Interim Dividends will be paid in U.S. dollars;
- Payment Date: holders of Millcom shares will be paid in accordance with the applicable procedures of Broadridge and the Depository Trust Company (“DTC”) on April 15, 2025.
The Company intends to file a delisting application with Nasdaq Stockholm on March 3, 2025, which will result in the SDR program being terminated. The last day of trading for SDRs is estimated to be on or around March 17, 2025. Therefore, it is expected that only holders of common shares on the Interim Dividend Record Date will receive the Interim Dividend paid on April 15, 2025.
As regards certain tax aspects, Millicom can currently inform investors as follows. In accordance with Luxembourg income tax law, the payment of the Interim Dividend will be subject to a
https://www.millicom.com/investors/Nasdaq_Stockholm_Delisting_and_Interim_Dividend
-END-
For further information, please contact
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Michel Morin, VP Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
FAQ
When will TIGO pay its interim dividend in 2025?
What is the record date for TIGO's 2025 interim dividend?
How much withholding tax applies to TIGO's 2025 interim dividend?
When will TIGO delist from Nasdaq Stockholm?
Will TIGO SDR holders receive the April 2025 interim dividend?
