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

Vodafone Group Public Limited (NASDAQ:VOD) declared a semi-annual dividend on Tuesday, November 12th,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 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 fall. 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 Stock Performance

NASDAQ VOD traded down $0.07 during trading on Thursday, hitting $8.68. The stock had a trading volume of 6,345,656 shares, compared to its average volume of 6,147,238. Vodafone Group Public has a 12 month low of $8.02 and a 12 month high of $10.39. The company’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $9.39. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

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

About Vodafone Group Public

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.