- 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