Vodafone Group PLC (VOD) To Go Ex-Dividend on June 5th

Vodafone Group PLC (NASDAQ:VOD – Get Free Report) 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 payout ratio of 45.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vodafone Group to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 38.3%.

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Vodafone Group Stock Up 1.0%

NASDAQ VOD opened at $15.12 on Wednesday. The firm’s fifty day moving average price is $15.27 and its 200 day moving average price is $14.32. Vodafone Group has a 12 month low of $9.80 and a 12 month high of $16.60. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Vodafone Group

Institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in shares of Vodafone Group during the first quarter worth about $34,000. Orographic Financial Advisors LLC acquired a new position in Vodafone Group during the 1st quarter worth approximately $889,000. Arkadios Wealth Advisors lifted its holdings in shares of Vodafone Group by 168.9% in the 1st quarter. Arkadios Wealth Advisors now owns 62,031 shares of the cell phone carrier’s stock valued at $932,000 after buying an additional 38,961 shares during the period. IFS Group LLC purchased a new stake in shares of Vodafone Group in the first quarter valued at approximately $587,000. Finally, Amundi purchased a new position in Vodafone Group in the first quarter worth $8,060,000. 7.84% of the stock is owned by institutional investors and hedge funds.

About Vodafone Group

(Get Free Report)

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.

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