About Millicom International Cellular S.A. (MICCF) — Dividend Analysis 2026
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
Is MICCF a good dividend investment in 2026?
MICCF offers a 116.42% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
MICCF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MICCF portfolio grows to $22.54M vs $126.4K without reinvestment. This is the compound interest effect in action.
MICCF dividend growth history & forecast
MICCF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 116.42%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 MICCF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MICCF.
Gross yield
116.42%
Tax rate
15.00%
After-tax yield
98.96%
Real yield (−CPI)
96.16%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
116.42%
113.62%
$11,642 / yr
🇺🇸 US Taxable (15%) ✓
15%
98.96%
96.16%
$9,896 / yr
🇺🇸 US Taxable (20%)
20%
93.14%
90.34%
$9,314 / yr
🇬🇧 UK ISA
0%
116.42%
113.62%
$11,642 / yr
🇬🇧 UK Taxable
8.75%
106.23%
103.43%
$10,623 / yr
🇨🇦 TFSA
0%
116.42%
113.62%
$11,642 / yr
🇨🇦 CA Taxable
25%
87.31%
84.52%
$8,732 / yr
🇦🇺 Super (pension)
15%
98.96%
96.16%
$9,896 / yr
🇦🇺 AU Taxable
30%
81.49%
78.69%
$8,149 / yr
🇩🇪 DE Taxable
26.375%
85.71%
82.91%
$8,571 / yr
🇫🇷 FR Taxable
30%
81.49%
78.69%
$8,149 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MICCF Income Goal & Break-Even
Dividend Break-Even
2yr
Years for dividends to fully repay your MICCF investment of $18.45/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$9.71M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$9.71M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MICCF for:
Shares needed
1,315
Capital required
$24,262
Monthly income
$2,000
Based on current dividend of $21.48/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MICCF Dividend Payment Schedule
MICCF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$45.65 / payment
$182.58 / year after tax
100 shares
$456.45 / payment
$1825.80 / year after tax
1,000 shares
$4564.50 / payment
$18258.00 / year after tax
📊 MICCF vs Communication Services Benchmarks
How MICCF compares to typical Communication Services averages.
Benchmark: Communication Services
Dividend Yield▲+114.12% vs sectorBetter
MICCF
116.42%
avg
2.30%
5Y Dividend CAGR▼-5.20% vs sectorBelow avg
MICCF
0.00%
avg
5.20%
Payout Ratio▼+2.00% vs sectorBelow avg
MICCF
50.00%
avg
48.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MICCF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MICCF Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MICCF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →