Airtel Africa Limited (LON:AAF) announced a dividend on Wednesday, May 13th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.03 per share on Friday, July 24th. This represents a yield of 6.35%. The ex-dividend date is Thursday, July 2nd. The official announcement can be seen at this link.

Shares of Airtel Africa stock opened at GBX 62.50 ($0.77) on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 130.42. Airtel Africa has a twelve month low of GBX 25.74 ($0.32) and a twelve month high of GBX 82.45 ($1.01). The stock has a market capitalization of $2.48 billion and a price-to-earnings ratio of 6.07. The company has a 50-day simple moving average of GBX 47.49 and a two-hundred day simple moving average of GBX 57.74.

Several equities analysts have commented on the stock. Barclays reissued an “overweight” rating on shares of Airtel Africa in a report on Thursday, May 14th. JPMorgan Chase & Co. decreased their target price on shares of Airtel Africa from GBX 66 ($0.81) to GBX 57 ($0.70) and set a “neutral” rating on the stock in a report on Friday, May 15th.

About Airtel Africa

Airtel Africa Plc 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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