{"id":11300,"date":"2026-11-06T08:22:22","date_gmt":"2026-11-06T08:22:22","guid":{"rendered":"https:\/\/ograsset.com\/?p=11300"},"modified":"2026-11-06T08:22:24","modified_gmt":"2026-11-06T08:22:24","slug":"airtel-africa-fixes-n1347-44-rate-for-interim-dividend-implying-n41-77-per-share-for-ngx-holders","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/11\/06\/airtel-africa-fixes-n1347-44-rate-for-interim-dividend-implying-n41-77-per-share-for-ngx-holders\/","title":{"rendered":"Airtel Africa fixes N1,347.44\/$ rate for interim dividend, implying N41.77 per share for NGX holders"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"581\" src=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-19.png\" alt=\"\" class=\"wp-image-11301\" srcset=\"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-19.png 975w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-19-300x179.png 300w, https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-19-768x458.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Airtel Africa Plc has fixed an exchange rate of N1,347.44 per Dollar for its 3.1 US Cents-per-share interim dividend, translating to approximately N41.77 per share for Nigerian Exchange (NGX) shareholders who receive payment in Naira.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rate was disclosed in a <a href=\"https:\/\/doclib.ngxgroup.com\/Financial_NewsDocs\/48357_AIRTEL_AFRICA_PLC-INTERIM_DIVIDEND_CURRENCY_EXCHANGE_RATES_CORPORATE_ACTIONS_NOVEMBER_2026.pdf\"><strong>notice filed with the Nigerian Exchange (NGX) on Thursday<\/strong><\/a>, November 5, 2026, and signed by the Group Company Secretary, Simon O\u2019Hara, outlining the currency options available to shareholders on the NGX and London Stock Exchange (LSE).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said the dividend would be paid on December 11, 2026, to shareholders on its register at the close of business on November 13, 2026.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Airtel Africa sets dividend conversion rates:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Airtel Africa said the Naira and Pound Sterling conversion rates were determined using Dollar exchange rates available on October 30, 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Also Read<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/06\/naira-falls-to-n1350-45-at-nfem-extending-november-losses\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>Naira falls to N1,350.45\/$ at NFEM, extending November losses<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/05\/gtco-buy-sell-or-hold\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>GTCO: Buy, Sell or Hold?\u00a0<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/nairametrics.com\/2026\/11\/05\/ngx-plunges-n3-28-trillion-as-dangote-cement-presco-uacn-hbm-nigeria-tier-1-banks-fall\/?utm_source=auto-read-also&amp;utm_medium=web\"><strong>NGX plunges N3.28 trillion as Dangote Cement, Presco, UACN, HBM Nigeria, Tier 1 banks fall<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The approved rate of N1,347.44 per Dollar translates the 3.1 US Cents dividend into approximately N41.77 per share, while the Sterling rate of $1 to \u00a30.7464 implies approximately 2.31 Pence per share.<\/li>\n\n\n\n<li>The naira conversion rate is approximately 7.5% lower than the N1,456.00 per Dollar adopted for the equivalent interim dividend in 2025.<\/li>\n\n\n\n<li>The lower conversion rate means each Dollar of dividend declared translates into fewer naira than it would at the previous year\u2019s rate.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Airtel Africa increased its interim dividend by 9.2% to 3.1 US Cents per ordinary share.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company reported half-year profit of $452 million, representing a 20.5% increase, while basic earnings per share rose to 10.2 US cents from 8.3 US Cents.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/nairametrics.com\/2024\/05\/28\/ten-stocks-with-best-dividend-payouts-in-nigeria-for-fy-2023\/\"><strong>Nairametrics previously reported<\/strong><\/a> that Airtel Africa and Seplat Energy were among the NGX-listed companies paying dividends in US Dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The exchange rate selected for dividend conversion is therefore an important factor in determining the naira amount received by Nigerian shareholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For comparison, <a href=\"https:\/\/nairametrics.com\/2025\/11\/04\/airtel-africa-declares-interim-dividend-of-n43-68-per-share-in-q2-2025\/\"><strong>Airtel Africa adopted N858.24 per dollar for its 2023 interim dividend<\/strong><\/a>, substantially below the conversion rate announced for 2026.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Airtel Africa announces dividend deadlines:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Airtel Africa has provided separate currency-election arrangements for shareholders on the Nigerian and London Stock Exchanges.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For NGX shareholders, the default payment currency is Naira, while LSE shareholders who do not make an election will receive their dividends in US Dollars.<\/li>\n\n\n\n<li>The last day to trade to qualify for the dividend is November 12, 2026, for NGX shareholders and November 11, 2026, for LSE shareholders.<\/li>\n\n\n\n<li>NGX shareholders may elect to receive payment in Naira or US Dollars, with Dollar elections requiring a Currency Election Form.<\/li>\n\n\n\n<li>Completed forms for Nigerian shareholders should be submitted or mailed to Coronation Registrars Limited.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">LSE shareholders may elect to receive Pounds Sterling or US Dollars through Computershare Investor Services Plc, while CREST participants can submit elections through CREST.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The currency-election deadline is November 23, 2026, for shareholders on both exchanges.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NGX shareholders who do not submit an election by the deadline will receive their dividends in Naira, while LSE shareholders will receive payment in US Dollars.<\/li>\n\n\n\n<li>The N41.77 per-share amount represents the conversion of the declared Dollar dividend at the approved exchange rate.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The actual amount received by each shareholder will depend on the number of qualifying shares held and the currency selected.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Airtel shares gain 178%:<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Listed on both the Nigerian Exchange and the London Stock Exchange, the company has recorded substantial share-price appreciation on the NGX in 2026, alongside the increase in its interim dividend and half-year earnings.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Airtel Africa closed trading on Thursday, November 5, 2026, at N6,300 per share on the NGX.<\/li>\n\n\n\n<li>The stock began the year at N2,270 per share, representing a year-to-date gain of approximately 178%.<\/li>\n\n\n\n<li>The company ranked ninth on the NGX by year-to-date share-price performance, according to the supplied market data.<\/li>\n\n\n\n<li>Between August 7 and November 5, 2026, approximately 1.58 million Airtel Africa shares were traded in 10,340 deals, valued at about N9.46 billion.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For shareholders, the interim dividend provides an additional return alongside the stock\u2019s capital appreciation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors seeking payment in US Dollars rather than Naira must submit their currency elections before November 23, ahead of the scheduled December 11 dividend payment.<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/nairametrics.com\/2026\/11\/06\/airtel-africa-fixes-n1347-44-rate-for-interim-dividend-implying-n41-77-per-share-for-ngx-holders\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Airtel Africa Plc has fixed an exchange rate of N1,347.44 per Dollar for its 3.1 US Cents-per-share interim dividend, translating to approximately N41.77 per share for Nigerian Exchange (NGX) shareholders who receive payment in Naira. The rate was disclosed in a notice filed with the Nigerian Exchange (NGX) on Thursday, November 5, 2026, and signed&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ograsset.com\/index.php\/2026\/11\/06\/airtel-africa-fixes-n1347-44-rate-for-interim-dividend-implying-n41-77-per-share-for-ngx-holders\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2,"featured_media":11301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-11300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fit-row"],"jetpack_featured_media_url":"https:\/\/ograsset.com\/wp-content\/uploads\/2026\/11\/image-19.png","_links":{"self":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/comments?post=11300"}],"version-history":[{"count":2,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11300\/revisions"}],"predecessor-version":[{"id":11303,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/posts\/11300\/revisions\/11303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media\/11301"}],"wp:attachment":[{"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/media?parent=11300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/categories?post=11300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ograsset.com\/index.php\/wp-json\/wp\/v2\/tags?post=11300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}