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

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

Airtel Africa Trading Down 5.7 %

Shares of Airtel Africa stock traded down GBX 6.60 ($0.09) during mid-day trading on Friday, hitting GBX 108.60 ($1.41). 13,953,140 shares of the stock were exchanged, compared to its average volume of 3,440,940. The stock has a market capitalization of £4.01 billion, a price-to-earnings 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). The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The company has a 50-day simple moving average of GBX 115.07 and a 200 day simple moving average of GBX 115.20.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Airtel Africa from GBX 150 ($1.95) to GBX 155 ($2.01) and gave the stock a "buy" rating in a research 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.