Airtel Africa Plc (LON:AAF) Announces Dividend of $0.04

Airtel Africa Plc (LON:AAF - Get Free Report) announced a dividend on Thursday, May 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 20th will be paid a dividend of $0.04 per share on Friday, July 26th. This represents a yield of 2.46%. The ex-dividend date is Thursday, June 20th. This is an increase from Airtel Africa's previous dividend of $0.02. The official announcement can be viewed at this link.

Airtel Africa Price Performance

AAF traded up GBX 1.80 ($0.02) on Thursday, hitting GBX 117.70 ($1.48). 9,669,227 shares of the company's stock were exchanged, compared to its average volume of 2,793,797. Airtel Africa has a fifty-two week low of GBX 90.20 ($1.13) and a fifty-two week high of GBX 135.80 ($1.71). The stock has a market cap of £4.41 billion, a price-to-earnings ratio of 1,681.43, a P/E/G ratio of 0.58 and a beta of 1.01. The company has a current ratio of 0.58, a quick ratio of 0.26 and a debt-to-equity ratio of 156.18. The firm has a 50-day moving average price of GBX 103.48 and a 200-day moving average price of GBX 111.33.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AAF shares. JPMorgan Chase & Co. lifted their price objective on shares of Airtel Africa from GBX 93 ($1.17) to GBX 105 ($1.32) and gave the stock a "neutral" rating in a research report on Wednesday. Barclays lowered their price target on Airtel Africa from GBX 170 ($2.14) to GBX 150 ($1.88) and set an "overweight" rating for the company in a report on Tuesday, February 6th.

Insiders Place Their Bets

In other Airtel Africa news, insider Shravin Bharti Mittal bought 922 shares of the business's stock in a transaction on Monday, March 25th. The stock was bought at an average price of GBX 100 ($1.26) per share, for a total transaction of £922 ($1,158.29). Insiders own 72.85% of the company's stock.

Airtel Africa Company Profile

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.