Millicom (TIGO) is down about 3% as traders position around a dividend-related price adjustment into the April 15, 2026 payment date. The stock went ex-dividend on April 8, 2026, meaning buyers after that date are not entitled to the upcoming cash distribution, which often translates into near-term selling pressure and mechanical price adjustments.

Millicom’s April 15, 2026 payment includes a $1.25 per share special dividend (the second installment of a previously announced $2.50 per share interim/special dividend paid in two installments) and a $0.75 per share regular dividend also scheduled for April 15. With the ex-dividend date already passed (April 8), today’s trading can reflect a post-ex-date reset rather than a change in business fundamentals.

With the dividend event in the rear-view mirror, attention typically shifts back to operating execution, leverage/cash flow priorities, and any updates tied to strategic transactions in Latin American markets. Traders will also watch whether the stock stabilizes after the payout date as dividend-driven selling and hedging flows fade.