Airtel Africa Plc Announces Dividend of $0.03 (LON:AAF)

Airtel Africa Plc (LON:AAF) declared a dividend on Friday, October 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 7th will be paid a dividend of $0.03 per share on Friday, December 13th. This represents a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be accessed at this link.

Airtel Africa Trading Down 5.8 %

Shares of LON AAF opened at GBX 108.66 ($1.41) on Friday. Airtel Africa has a twelve month low of GBX 90.20 ($1.17) and a twelve month high of GBX 132.50 ($1.72). The firm has a market cap of £4.01 billion, a PE ratio of -3,843.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The business has a fifty day simple moving average of GBX 114.98 and a two-hundred day simple moving average of GBX 115.20. The company has a quick ratio of 0.26, a current ratio of 0.52 and a debt-to-equity ratio of 180.85.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Airtel Africa from GBX 150 ($1.95) to GBX 155 ($2.01) and gave the company a “buy” rating in a report on Monday, September 23rd.

About Airtel Africa

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers.