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

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be paid a dividend of 0.2567 per share by the cell phone carrier on Thursday, February 5th. This represents a dividend yield of 415.0%. The ex-dividend date of this dividend is Monday, November 24th.

Vodafone Group has decreased its dividend by an average of 0.1%per year over the last three years. Vodafone Group has a payout ratio of 43.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vodafone Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 49.5%.

Vodafone Group Trading Up 0.9%

Shares of NASDAQ VOD traded up $0.12 during mid-day trading on Thursday, reaching $12.49. 1,165,385 shares of the company’s stock were exchanged, compared to its average volume of 9,964,457. Vodafone Group has a 52-week low of $8.00 and a 52-week high of $12.72. The company’s 50-day moving average is $11.60 and its 200-day moving average is $10.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

About Vodafone Group

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.