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

Airtel Africa Limited (LON:AAF) announced a dividend on Friday, October 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of $0.03 per share on Friday, November 29th. This represents a dividend yield of 3.87%. The ex-dividend date is Thursday, November 14th. The official announcement can be seen at this link.

Shares of LON:AAF traded down GBX 0.75 ($0.01) during midday trading on Wednesday, reaching GBX 78 ($1.02). The company had a trading volume of 1,748,816 shares. The stock has a 50 day simple moving average of GBX 66.62. The company has a debt-to-equity ratio of 138.41, a quick ratio of 0.78 and a current ratio of 0.83. The stock has a market capitalization of $2.95 billion and a PE ratio of 5.57. Airtel Africa has a 52-week low of GBX 47 ($0.61) and a 52-week high of GBX 74.37 ($0.97).

In related news, insider Douglas Anderson Baillie acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of GBX 61 ($0.80) per share, for a total transaction of £12,200 ($15,941.46). Also, insider Liisa Annika Poutiainen acquired 11,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of GBX 63 ($0.82) per share, for a total transaction of £6,930 ($9,055.27).

Separately, Barclays initiated coverage on shares of Airtel Africa in a report on Thursday, August 8th. They issued an “overweight” rating and a GBX 85 ($1.11) price target on the stock.

About Airtel Africa

Airtel Africa Limited 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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