Vodafone Cuts Dividend

FTSE 100 telecoms firm, which was yielding nearly 10%, has slashed its full-year dividend by 40%

James Gard 14 May, 2019 | 10:59AM

Vodafone

FTSE 100 telecoms giant Vodafone (VOD) has slashed its dividend by 40%. The move, which had been widely anticipated by commentators, came as the telecoms giant revealed it made an annual loss in the last financial year. 

Vodafone’s full-year dividend is 9.00 euro cents, down 40% from the previous year. The group’s dividend yield was nearing 10%, a level that many analysts saw as unsustainable. Shares fell yesterday after speculation that a dividend cut would be revealed when the firm released its full-year results.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Vodafone Group PLC130.24 GBX0.46

About Author

James Gard  is content editor for Morningstar.co.uk

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