Vodafone Group PLC (NASDAQ:VOD) Declares Dividend of $0.26

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.2588 per share by the cell phone carrier on Wednesday, February 3rd. This represents a yield of 334.0%. The ex-dividend date is Friday, November 20th.

Vodafone Group has decreased its dividend payment by an average of 0.1% per year over the last three years. Vodafone Group has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vodafone Group to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 28.6%.

Vodafone Group Price Performance

Shares of NASDAQ VOD traded down $0.04 during mid-day trading on Wednesday, reaching $15.46. 1,222,183 shares of the company were exchanged, compared to its average volume of 4,078,732. Vodafone Group has a twelve month low of $11.71 and a twelve month high of $17.71. The company’s 50-day simple moving average is $16.32 and its 200-day simple moving average is $15.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Vodafone Group News Summary

These are some of the VOD news items that stood out recently:

• Positive Sentiment: The company declared a dividend of $0.2588 per share, payable February 3 to shareholders of record November 20. The distribution may appeal to income-focused investors.
• Neutral Sentiment: Vodafone is continuing its cost-cutting drive, including eliminating 3,000 jobs in the first half. Savings may help efficiency, though the scale of cuts also highlights ongoing restructuring needs. RTÉ report on job cuts
• Negative Sentiment: A substantial Germany-related impairment drove a large net loss, and management said the German unit needs improvement. This clouds the otherwise stronger outlook. Report on Vodafone’s net loss and outlook

Vodafone Group Company Profile

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.