Vodafone Group Public Limited (NASDAQ:VOD) Announces $0.24 Semi-annual Dividend

Vodafone Group Public Limited (NASDAQ:VOD) declared a semi-annual dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.2423 per share by the cell phone carrier on Friday, February 7th. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd.

Vodafone Group Public has decreased its dividend by an average of 3.1% annually over the last three years. Vodafone Group Public has a dividend payout ratio of 86.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Vodafone Group Public to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 99.0%.

Vodafone Group Public Price Performance

Shares of NASDAQ VOD traded down $0.07 during trading hours on Thursday, hitting $8.68. 6,337,514 shares of the stock were exchanged, compared to its average volume of 6,147,197. Vodafone Group Public has a 12 month low of $8.02 and a 12 month high of $10.39. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average price of $9.71 and a 200-day moving average price of $9.39.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VOD shares. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. UBS Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.