On Friday, Millicom International Cellular SA (TIGO) shares were priced as low as $42.02, yielding over 7% based on a quarterly dividend of $3. Millicom is part of the Russell 3000, which includes some of the largest companies in the U.S. stock markets.
The historical context shows that dividends play a crucial role in total stock returns, with Millicom’s current yield appearing particularly attractive if sustainable. As a reference, the iShares Russell 3000 ETF (IWV) had a total return of 13.15% over a twelve-year period, driven largely by dividends despite a minor decrease in stock price.
