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 given 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 seen at this link.

LON:AAF opened at GBX 62.50 ($0.77) on Tuesday. The company has a debt-to-equity ratio of 130.42, a quick ratio of 0.50 and a current ratio of 0.67. The firm has a market cap of $2.48 billion and a price-to-earnings ratio of 6.07. Airtel Africa has a 52 week low of GBX 25.74 ($0.32) and a 52 week high of GBX 82.45 ($1.01). The firm has a 50-day moving average price of GBX 47.49 and a two-hundred day moving average price of GBX 57.74.

Several equities research analysts have commented on the stock. Barclays reiterated an “overweight” rating on shares of Airtel Africa in a research note on Thursday, May 14th. JPMorgan Chase & Co. decreased their price target on shares of Airtel Africa from GBX 66 ($0.81) to GBX 57 ($0.70) and set a “neutral” rating for the company in a research note 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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