About Millicom International Cellular S.A. (TIGOR) — 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 TIGOR a good dividend investment in 2026?
TIGOR offers a 40.82% forward yield with a 50% payout ratio. Strand Safety Score: 100/100 (Very Safe). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
TIGOR DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your TIGOR portfolio grows to $242.4K vs $60.5K without reinvestment. This is the compound interest effect in action.
TIGOR dividend growth history & forecast
TIGOR 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 40.82%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 TIGOR Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold TIGOR.
Gross yield
40.82%
Tax rate
15.00%
After-tax yield
34.70%
Real yield (−CPI)
31.90%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
40.82%
38.02%
$4,082 / yr
🇺🇸 US Taxable (15%) ✓
15%
34.70%
31.90%
$3,470 / yr
🇺🇸 US Taxable (20%)
20%
32.66%
29.86%
$3,266 / yr
🇬🇧 UK ISA
0%
40.82%
38.02%
$4,082 / yr
🇬🇧 UK Taxable
8.75%
37.25%
34.45%
$3,725 / yr
🇨🇦 TFSA
0%
40.82%
38.02%
$4,082 / yr
🇨🇦 CA Taxable
25%
30.62%
27.82%
$3,062 / yr
🇦🇺 Super (pension)
15%
34.70%
31.90%
$3,470 / yr
🇦🇺 AU Taxable
30%
28.57%
25.77%
$2,857 / yr
🇩🇪 DE Taxable
26.375%
30.05%
27.25%
$3,005 / yr
🇫🇷 FR Taxable
30%
28.57%
25.77%
$2,857 / 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.
🎯 TIGOR Income Goal & Break-Even
Dividend Break-Even
3yr
Years for dividends to fully repay your TIGOR investment of $4.90/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$124.4K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$121.9K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in TIGOR for:
Shares needed
14,118
Capital required
$69,178
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 TIGOR Dividend Payment Schedule
TIGOR pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 TIGOR vs Communication Services Benchmarks
How TIGOR compares to typical Communication Services averages.
Benchmark: Communication Services
Dividend Yield▲+38.52% vs sectorBetter
TIGOR
40.82%
avg
2.30%
5Y Dividend CAGR▼-5.20% vs sectorBelow avg
TIGOR
0.00%
avg
5.20%
Payout Ratio▼+2.00% vs sectorBelow avg
TIGOR
50.00%
avg
48.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for TIGOR sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ TIGOR 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 TIGOR 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 →