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Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development 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 assets in Guyana, Kenya, Namibia, Nigeria, South Africa, Ethiopia, and in the Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.

Africa Oil Dividend Announcement

Africa Oil announced a semi annually dividend of $0.03 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-09
Africa Oil annual dividend for 2024 was $0.05
Africa Oil annual dividend for 2023 was $0.05
Africa Oil's trailing twelve-month (TTM) dividend yield is 3.76%
Africa Oil's payout ratio for the trailing twelve months (TTM) is -57.32%

Africa Oil Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-09$0.03semi annually2024-09-27
2024-03-07$0.03semi annually2024-03-28
2023-09-07$0.03semi annually2023-09-29
2023-03-10$0.03semi annually2023-03-31
2022-09-08$0.03semi annually2022-09-30
2022-03-16$0.03semi annually2022-03-31

Africa Oil Dividend per year

Africa Oil Dividend growth

Africa Oil Dividend Yield

Africa Oil current trailing twelve-month (TTM) dividend yield is 3.76%. Interested in purchasing Africa Oil stock? Use our calculator to estimate your expected dividend yield:

Africa Oil Financial Ratios

P/E ratio-14.91
PEG ratio0.09
P/B ratio0.71
ROE-4.48%
Payout ratio-57.32%
Current ratio7.46
Quick ratio7.72
Cash Ratio7.19

Africa Oil Dividend FAQ

How much is the next Africa Oil dividend?
Africa Oil's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Africa Oil dividend. The next Africa Oil dividend will be released in March, or September.
When is Africa Oil dividend paid?
Africa Oil pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Africa Oil pay?
The specific amount of Africa Oil dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Africa Oil's dividend history.
Does Africa Oil stock pay dividends?
Yes, Africa Oil does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Africa Oil's dividend history.
How much dividend does Africa Oil pay?
Africa Oil paid $0.05 in 2024, $0.05 in 2023, $0.05 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Africa Oil pay dividends?
Africa Oil typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and September.
What is Africa Oil's dividend yield?
The current dividend yield for Africa Oil is 3.76%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Africa Oil's exact dividend yield.
When does Africa Oil go ex dividend?
Africa Oil's ex-dividend date for the latest dividend was on 2024-09-09. Africa Oil typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Africa Oil dividend paid?
Africa Oil pays dividends on a semi annually basis, typically around March, or September, but the exact dates can vary each year.
Will Africa Oil increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Africa Oil will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Africa Oil dividend per share?
Africa Oil paid $0.05 per share in 2024 and $0.05 per share in 2023. The amount of dividend per share that Africa Oil pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Africa Oil a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Africa Oil a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Africa Oil a dividend stock?
Yes, Africa Oil is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Africa Oil a good dividend stock?
Whether Africa Oil is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Africa Oil has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Africa Oil as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Africa Oil pay dividends monthly?
Africa Oil typically pays dividends on a semi annually basis.
Does Africa Oil pay dividends quarterly?
Africa Oil currently pays dividends on a semi annually basis.
Has Africa Oil ever paid a dividend?
Yes, Africa Oil has a history of paying dividends to its shareholders. Africa Oil is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Africa Oil dividend stocks?
To buy Africa Oil you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Africa Oil stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Africa Oil pay dividends 2024?
Africa Oil pays dividends on a semi annually basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Africa Oil increase its dividend in 2024?
Decisions regarding Africa Oil dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Africa Oil dividend overview you can look into the above table of dividend history.
How Africa Oil dividend works?
The Africa Oil dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Africa Oil's dividend process works:

1. Determination of Dividend: Africa Oil's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Africa Oil publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Africa Oil distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Africa Oil are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Africa Oil dividends paid?
Africa Oil dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Africa Oil sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Africa Oil distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Africa Oil declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Africa Oil pay dividends?
Africa Oil typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Africa Oil pay dividends?
The general pattern is that Africa Oil pays dividends around March, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Africa Oil dividend safe?
The safety of Africa Oil's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Africa Oil's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Africa Oil's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.