Vodafone Group PLC Declares Dividend of $0.28 (NASDAQ:VOD)

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Tuesday, May 12th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.2766 per share by the cell phone carrier on Thursday, July 30th. This represents a dividend yield of 357.0%. The ex-dividend date of this dividend is Friday, June 5th.

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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vodafone Group to earn $1.68 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 29.8%.

Vodafone Group Price Performance

VOD opened at $15.51 on Thursday. Vodafone Group has a 12 month low of $8.98 and a 12 month high of $16.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The business has a fifty day moving average price of $15.16 and a 200 day moving average price of $14.02.

Vodafone Group (NASDAQ:VOD) last released its earnings results on Tuesday, May 12th. The cell phone carrier reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.61). The company had revenue of $11.91 billion during the quarter, compared to analysts’ expectations of $12.33 billion. As a group, sell-side analysts anticipate that Vodafone Group will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on VOD. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Zacks Research raised Vodafone Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.00.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.