Airtel Africa Plc (LON:AAF) Plans $0.03 Dividend

Airtel Africa Plc (LON:AAF) declared a dividend on Friday, October 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.03 per share on Friday, December 13th. This represents a dividend yield of 1.74%. The ex-dividend date is Thursday, November 7th. The official announcement can be seen at this link.

Airtel Africa Price Performance

Shares of LON:AAF opened at GBX 101.20 ($1.32) on Wednesday. The company’s fifty day moving average price is GBX 113.57 and its 200-day moving average price is GBX 115.24. The firm has a market capitalization of £3.73 billion, a price-to-earnings ratio of -3,376.67, a PEG ratio of 0.58 and a beta of 1.04. Airtel Africa has a one year low of GBX 90.20 ($1.17) and a one year high of GBX 132.50 ($1.72). The company has a debt-to-equity ratio of 180.85, a current ratio of 0.52 and a quick ratio of 0.26.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Airtel Africa from GBX 150 ($1.95) to GBX 155 ($2.02) 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.