About Airtel Africa Plc (AAFRF) — Dividend Analysis 2026
Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services to customers in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services; and sells handsets. In addition, it is involved in the investment activities. The company was incorporated in 2018 and is based in London, the United Kingdom. Airtel Africa Plc is a subsidiary of Airtel Africa Mauritius Limited.
Is AAFRF a good dividend investment in 2026?
AAFRF offers a 1.37% forward yield with a 50% payout ratio. Strand Safety Score: 85/100 (Very Safe). The 5-year dividend CAGR of 100% demonstrates strong, consistent growth that outpaces inflation.
AAFRF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your AAFRF portfolio grows to $1.19M vs $652.2K without reinvestment. This is the compound interest effect in action.
AAFRF dividend growth history & forecast
AAFRF has grown its dividend by 0% over the last year and 100% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 1.37%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 AAFRF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold AAFRF.
Gross yield
1.37%
Tax rate
15.00%
After-tax yield
1.16%
Real yield (−CPI)
-1.64%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
1.37%
-1.43%
$137 / yr
🇺🇸 US Taxable (15%) ✓
15%
1.16%
-1.64%
$116 / yr
🇺🇸 US Taxable (20%)
20%
1.10%
-1.70%
$110 / yr
🇬🇧 UK ISA
0%
1.37%
-1.43%
$137 / yr
🇬🇧 UK Taxable
8.75%
1.25%
-1.55%
$125 / yr
🇨🇦 TFSA
0%
1.37%
-1.43%
$137 / yr
🇨🇦 CA Taxable
25%
1.03%
-1.77%
$103 / yr
🇦🇺 Super (pension)
15%
1.16%
-1.64%
$116 / yr
🇦🇺 AU Taxable
30%
0.96%
-1.84%
$96 / yr
🇩🇪 DE Taxable
26.375%
1.01%
-1.79%
$101 / yr
🇫🇷 FR Taxable
30%
0.96%
-1.84%
$96 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 AAFRF Income Goal & Break-Even
Dividend Break-Even
7yr
Years for dividends to fully repay your AAFRF investment of $4.95/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$422.5K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$420.1K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in AAFRF for:
Shares needed
417,859
Capital required
$2,068,402
Monthly income
$2,000
Based on current dividend of $0.07/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 AAFRF Dividend Payment Schedule
AAFRF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.14 / payment
$0.57 / year after tax
100 shares
$1.44 / payment
$5.74 / year after tax
1,000 shares
$14.36 / payment
$57.44 / year after tax
📊 AAFRF vs Communication Services Benchmarks
How AAFRF compares to typical Communication Services averages.
Benchmark: Communication Services
Dividend Yield▼-0.93% vs sectorBelow avg
AAFRF
1.37%
avg
2.30%
5Y Dividend CAGR▲+94.80% vs sectorBetter
AAFRF
100.00%
avg
5.20%
Payout Ratio▼+2.00% vs sectorBelow avg
AAFRF
50.00%
avg
48.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for AAFRF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ AAFRF Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the AAFRF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →