Airtel Africa to Pay Interim Dividend on December 9, 2022

Airtel Africa has confirmed that it will pay an interim dividend of 2.18 cents per ordinary share on or around December 9, 2022 to all shareholders of the company.

The leading telecommunications company disclosed this in a statement obtained by Investors King.

According to the company, dividends will be paid in U.S. Dollars, except in a situation where shareholders elect to receive their dividend payments in Naira or Pounds Sterling through the company’s currency elections.

The dividend timetable dates are below:

Ex-dividend date: 10 November 2022
Record date: 11 November 2022
Last Date for Currency Elections: 28 November 2022
Payment date: On or around 9 December 2022

The company further stated that details regarding the default currency and options on currency election for the dividend, and the currency exchange rates that will be applicable in determination of the Half Year 2022-23 interim dividend payment to any shareholders that qualify for and have elected to receive the Half Year 2022-23 interim dividend payment in Pounds Sterling or Naira will be issued in due course.

Airtel Africa reports a 12.9% increase in revenue in the first half ended September 30, 2022 to $2,565m while the total customer base grew by 9.7% to 134.7 million.

During the period, mobile services revenue grew by 19.7% in Nigeria while in East Africa posted 12.4% and 12.1% increase was recorded in Francophone Africa.