Airtel Africa (LON:AAF) Shares Up 0.3%

Airtel Africa Plc (LON:AAFGet Rating) shot up 0.3% on Wednesday . The company traded as high as GBX 117.90 ($1.47) and last traded at GBX 117.60 ($1.46). 4,168,462 shares traded hands during trading, an increase of 43% from the average session volume of 2,906,835 shares. The stock had previously closed at GBX 117.20 ($1.46).

Airtel Africa Trading Up 0.9 %

The company has a current ratio of 0.53, a quick ratio of 0.26 and a debt-to-equity ratio of 110.95. The stock has a 50-day simple moving average of GBX 111.80 and a two-hundred day simple moving average of GBX 115.89. The firm has a market capitalization of £4.47 billion, a P/E ratio of 841.43, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15.

Airtel Africa Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 26th. Investors of record on Thursday, June 22nd will be issued a $0.03 dividend. This is an increase from Airtel Africa’s previous dividend of $0.02. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, June 22nd. Airtel Africa’s payout ratio is presently 2,857.14%.

About Airtel Africa

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Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services to customers 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.

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