Vodafone Group PLC (NASDAQ:VOD) Shares Set to Pay Dividend of $0.26

Vodafone Group PLC (NASDAQ:VOD) announced a dividend on Tuesday, November 10th. Shareholders 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 is Friday, November 20th.

Vodafone Group has decreased its dividend by an average of 0.1% per year 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 Trading Down 0.2%

Vodafone Group stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.46. The stock had a trading volume of 1,222,183 shares, compared to its average volume of 4,078,732. Vodafone Group has a fifty-two week low of $11.71 and a fifty-two week high of $17.71. The stock’s 50-day simple moving average is $16.32 and its 200-day simple moving average is $15.44. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

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.