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

Vodafone Group Public Limited (NASDAQ:VOD) announced a semi-annual dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be paid 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 of this dividend is Friday, November 22nd.

Vodafone Group Public has decreased its dividend payment by an average of 3.1% per year over the last three years. Vodafone Group Public has a dividend payout ratio of 86.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

VOD stock traded down $0.07 during mid-day trading on Thursday, reaching $8.68. The company’s stock had a trading volume of 6,337,514 shares, compared to its average volume of 6,147,197. Vodafone Group Public has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $9.71 and its two-hundred day moving average is $9.39.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.