Millicom Tigo jumps to new peak as $3 dividend gets attention
Millicom International Cellular’s U.S. shares surged 3.6% to $88.89 Tuesday, setting a new session high and pushing market value to about $15.3 billion. The move followed strong first-quarter results, a $3 per share dividend approval, and recent acquisitions in Colombia. Trading volume reached 913,000 shares. UBS downgraded the stock last week, citing execution risks and higher spending.