Vodafone belatedly makes the right dividend call LiamWardProud
Vodafone on May 14 cut its full-year dividend to 9 euro cents from 15.07 euro cents previously. The UK-based telecom group said it now has a “progressive future dividend policy”.
Revenue from telecom services for the financial year ending on March 31 was 39.2 billion euros, or 0.3% higher than in the previous year excluding the effects of currency fluctuations and business disposals.Vodafone shares were up 2.2% to 1.34 pounds at 0819 GMT on May 14.
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