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

Airtel Africa Plc (LON:AAF) announced 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 Price Performance

Shares of LON AAF opened at GBX 108.60 ($1.41) on Friday. The company has a quick ratio of 0.26, a current ratio of 0.52 and a debt-to-equity ratio of 180.85. The business’s 50 day moving average price is GBX 115.01 and its two-hundred day moving average price is GBX 115.22. The company has a market cap of £4.01 billion, a PE ratio of -3,620.00, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. Airtel Africa has a twelve month low of GBX 90.20 ($1.17) and a twelve month high of GBX 132.50 ($1.72).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Airtel Africa from GBX 150 ($1.95) to GBX 155 ($2.01) and gave the stock 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.