Vodafone Group Public Limited (NASDAQ:VOD) Announces Semi-Annual Dividend of $0.46

Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) announced a Semi-Annual dividend on Wednesday, May 18th, Zacks reports. Shareholders of record on Monday, June 6th will be paid a dividend of 0.455 per share by the cell phone carrier on Friday, August 5th. The ex-dividend date is Friday, June 3rd.

Vodafone Group Public has a payout ratio of 67.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vodafone Group Public to earn $1.32 per share next year, which means the company should continue to be able to cover its $1.01 annual dividend with an expected future payout ratio of 76.5%.

Shares of NASDAQ VOD opened at $14.92 on Friday. Vodafone Group Public has a twelve month low of $14.42 and a twelve month high of $19.05. The stock’s 50 day moving average price is $16.29 and its 200-day moving average price is $16.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.89 and a current ratio of 0.85.

Institutional investors have recently bought and sold shares of the company. Capital International Investors bought a new position in Vodafone Group Public during the 1st quarter valued at about $14,928,000. BNP Paribas Arbitrage SA grew its holdings in Vodafone Group Public by 251.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 348,522 shares of the cell phone carrier’s stock valued at $5,792,000 after purchasing an additional 249,329 shares during the last quarter. Gabelli Funds LLC grew its holdings in Vodafone Group Public by 1.2% during the 1st quarter. Gabelli Funds LLC now owns 758,200 shares of the cell phone carrier’s stock valued at $12,601,000 after purchasing an additional 8,900 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Vodafone Group Public by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 41,870 shares of the cell phone carrier’s stock valued at $696,000 after buying an additional 1,500 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Vodafone Group Public by 16.2% in the 1st quarter. Advisors Asset Management Inc. now owns 98,118 shares of the cell phone carrier’s stock valued at $1,631,000 after buying an additional 13,705 shares during the period. Hedge funds and other institutional investors own 9.07% of the company’s stock.

A number of research analysts recently commented on VOD shares. Jefferies Financial Group cut Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Credit Suisse Group decreased their target price on shares of Vodafone Group Public from GBX 150 ($1.85) to GBX 140 ($1.73) in a research note on Wednesday. Argus downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. UBS Group cut their target price on shares of Vodafone Group Public from GBX 147 ($1.81) to GBX 146 ($1.80) in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Vodafone Group Public from GBX 230 ($2.84) to GBX 225 ($2.77) in a research report on Friday, April 1st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $116.11.

Vodafone Group Public Company Profile (Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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