Airtel Africa announces payment of 2 cents interim dividend to shareholders

Airtel Africa Plc has announced that the board of the company has approved the payment of 2 cents as interim dividend to its shareholders.

This was disclosed in a notice filed with the Exchange, today, and signed by the company’s secretary, Simon O’Hara.

The notice stated that the interim dividend will be paid in U.S. dollars, although shareholders have the option to decide whether to receive their dividend payments in GB pounds or Nigerian naira via currency elections.

It further stated that details with regards to the options on currency elections and the currency exchange rates which will be applicable to the HY’ 2021/2022 interim dividend payment to shareholders that qualify for and have elected to receive the payment in GB Pounds or Nigerian Naira, will be issued in due course.

The dividend is scheduled to be paid on or around the 10th of December, 2021. The Ex-dividend date and Record date are scheduled for November 11th and 12th, respectively.

Recall that the company recently released its financial result for the quarter ended September 30, 2021, revealing revenue of $1.16 billion during the period. In addition, Operating profit and Post-tax profit stood at $380 million and $192 million, respectively.