Airtel Africa Limited (LON:AAF) Declares $0.03 Dividend

Airtel Africa Limited (LON:AAF) announced a dividend on Wednesday, May 13th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.03 per share on Friday, July 24th. This represents a yield of 6.35%. The ex-dividend date of this dividend is Thursday, July 2nd. The official announcement can be viewed at this link.

Shares of Airtel Africa stock opened at GBX 62.50 ($0.77) on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 130.42. Airtel Africa has a 1 year low of GBX 25.74 ($0.32) and a 1 year high of GBX 82.45 ($1.01). The stock has a 50-day moving average price of GBX 47.49 and a 200 day moving average price of GBX 57.74. The company has a market cap of $2.48 billion and a P/E ratio of 5.90.

AAF has been the topic of a number of research analyst reports. Barclays reaffirmed an “overweight” rating on shares of Airtel Africa in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered their price target on shares of Airtel Africa from GBX 66 ($0.81) to GBX 57 ($0.70) and set a “neutral” rating on the stock in a report on Friday, May 15th.

About Airtel Africa

Airtel Africa Plc provides mobile telecommunication services to customers in Nigeria, East Africa, and rest of Africa. It offers services to approximately 99 million small, medium, and high-usage customers; mobile data services to 30 million customers; and mobile banking services. The company was incorporated in 2018 and is based in London, the United Kingdom.

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