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

Airtel Africa Plc (LON:AAF) declared a dividend on Thursday, May 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 20th will be given a dividend of $0.04 per share on Friday, July 26th. This represents a yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Airtel Africa’s previous dividend of $0.02. The official announcement can be accessed at this link.

Airtel Africa Trading Up 1.4 %

LON:AAF opened at GBX 119.40 ($1.50) on Friday. Airtel Africa has a 52 week low of GBX 90.20 ($1.13) and a 52 week high of GBX 135.80 ($1.71). The firm has a 50-day moving average price of GBX 103.48 and a two-hundred day moving average price of GBX 111.33. The company has a debt-to-equity ratio of 156.18, a quick ratio of 0.26 and a current ratio of 0.58. The firm has a market cap of £4.48 billion, a price-to-earnings ratio of 1,681.43, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01.

Insider Activity at Airtel Africa

In other news, insider Shravin Bharti Mittal bought 922 shares of the stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of GBX 100 ($1.26) per share, for a total transaction of £922 ($1,158.29). 72.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAF. JPMorgan Chase & Co. increased their price target on Airtel Africa from GBX 93 ($1.17) to GBX 105 ($1.32) and gave the company a “neutral” rating in a research report on Wednesday. Barclays cut their price target on shares of Airtel Africa from GBX 170 ($2.14) to GBX 150 ($1.88) and set an “overweight” rating on the stock in a report on Tuesday, February 6th.

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.