Africa Oil Corp. (OTCMKTS:AOIFF) Plans $0.04 Quarterly Dividend

Africa Oil Corp. (OTCMKTS:AOIFF) declared a quarterly dividend on Thursday, March 20th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.0371 per share by the energy company on Friday, April 11th. This represents a $0.15 annualized dividend and a yield of 9.83%. The ex-dividend date of this dividend is Thursday, March 27th.

Africa Oil Price Performance

Shares of OTCMKTS:AOIFF traded up $0.03 during midday trading on Friday, hitting $1.51. The company’s stock had a trading volume of 170,960 shares, compared to its average volume of 133,479. The business’s 50 day simple moving average is $1.35 and its 200 day simple moving average is $1.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.99 and a current ratio of 8.99. The company has a market cap of $654.28 million, a P/E ratio of -1.80 and a beta of 0.97. Africa Oil has a 12-month low of $1.23 and a 12-month high of $1.91.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Africa Oil to a “strong-buy” rating in a research note on Tuesday, January 21st.

About Africa Oil

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.