Vodafone Group PLC (VOD) to Issue Dividend of $0.28 on July 30th

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Tuesday, May 12th. Shareholders 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 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%annually over the last three years. Vodafone Group has a dividend payout ratio of 44.2% meaning its dividend is sufficiently covered by earnings. Research 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

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

Vodafone Group (NASDAQ:VOD) last released its quarterly earnings results on Tuesday, May 12th. The cell phone carrier reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.61). The business had revenue of $11.91 billion during the quarter, compared to analyst estimates of $12.33 billion. Analysts anticipate that Vodafone Group will post 1.2 earnings per share for the current fiscal year.

About Vodafone Group

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.