Vodafone Group PLC (NASDAQ:VOD – Get Free Report) announced a dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.2588 per share by the cell phone carrier on Wednesday, February 3rd. This represents a yield of 334.0%. The ex-dividend date of this dividend is Friday, November 20th.
Vodafone Group has decreased its dividend by an average of 0.1% annually over the last three years. Vodafone Group has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Vodafone Group to earn $1.75 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 28.6%.
Vodafone Group Stock Performance
VOD opened at $15.64 on Thursday. The stock has a fifty day simple moving average of $16.31 and a two-hundred day simple moving average of $15.45. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group has a 12-month low of $11.71 and a 12-month high of $17.71.
Institutional Investors Weigh In On Vodafone Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Euro Pacific Asset Management LLC raised its stake in shares of Vodafone Group by 45,047.5% in the third quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier’s stock worth $113,344,000 after purchasing an additional 7,002,629 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Vodafone Group by 72.4% during the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after acquiring an additional 363,694 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Vodafone Group by 4.0% in the third quarter. Ritholtz Wealth Management now owns 771,431 shares of the cell phone carrier’s stock worth $12,459,000 after acquiring an additional 29,373 shares during the period. Merit Financial Group LLC grew its stake in shares of Vodafone Group by 7,003.0% in the second quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier’s stock worth $10,429,000 after acquiring an additional 777,475 shares during the period. Finally, Independent Financial Group LLC purchased a new position in shares of Vodafone Group during the first quarter valued at approximately $8,406,000. Institutional investors own 7.84% of the company’s stock.
About Vodafone Group
Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations. The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.
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