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Millicom

  • Earlier this month, TIGO announced a change to its shareholder return policy, increasing its dividend to $3.00 annually.
  • Even with the recent jump following the announcement, TIGO currently trades at ~7.7x/6.6x 2024/2025 free cash flow and now yields over 11 percent on a forward basis.
  • Part of the disconnect could stem from forced selling from Swedish shareholders as TIGO consolidated its dual Sweden/US listing.
  • Activist Xavier Niel owns over 40 percent of the company
Tagged (by Brennan Asset Management), Millicom

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