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

Africa Oil Corp. (OTCMKTS:AOIFF) announced a quarterly dividend on Thursday, March 20th, NASDAQ Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Thursday, March 27th.

Africa Oil Stock Performance

AOIFF stock traded up $0.03 during trading on Friday, hitting $1.51. 170,960 shares of the company’s stock traded hands, compared to its average volume of 133,479. The company has a quick ratio of 8.99, a current ratio of 8.99 and a debt-to-equity ratio of 0.01. Africa Oil has a 52 week low of $1.23 and a 52 week high of $1.91. The stock has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $1.35. The stock has a market capitalization of $654.28 million, a price-to-earnings ratio of -1.80 and a beta of 0.97.

Wall Street Analysts Forecast Growth

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

Africa Oil Company Profile

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.