Vodafone Group PLC (VOD) to Issue Dividend of $0.26 on February 5th

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Wednesday, November 12th. Shareholders 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 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 41.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vodafone Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 47.5%.

Vodafone Group Price Performance

VOD stock opened at $12.11 on Friday. Vodafone Group has a 1 year low of $8.00 and a 1 year high of $12.72. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $11.66 and its two-hundred day moving average is $11.10.

Analysts Set New Price Targets

Several brokerages recently weighed in on VOD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. Zacks Research cut Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. BNP Paribas Exane started coverage on Vodafone Group in a research note on Tuesday, October 21st. They set an “underperform” rating and a $8.00 target price on the stock. BNP Paribas raised Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, UBS Group restated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $72.00.

Vodafone Group Company Profile

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.