Africa Oil Corp. (AOIFF) to Issue Quarterly Dividend of $0.04 on April 11th

Africa Oil Corp. (OTCMKTS:AOIFF) declared a quarterly dividend on Thursday, March 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.0371 per share by the energy company on Friday, April 11th. This represents a $0.15 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Thursday, March 27th.

Africa Oil Stock Down 2.6 %

Shares of Africa Oil stock opened at $1.47 on Tuesday. Africa Oil has a 1-year low of $1.23 and a 1-year high of $1.91. The company has a market capitalization of $636.95 million, a PE ratio of -1.75 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99. The business has a 50-day moving average of $1.35 and a 200-day moving average of $1.35.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Africa Oil to a “strong-buy” rating in a research note on Tuesday, January 21st.

Africa Oil Company Profile

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.