Vod news 8-1-2011 Titles Verizon resumes Vod dividen.
Vod stated as follows, Target a 7% per annum dividend per share gowth policy over a 3 year period (2022-2014)
What does that mean as to regards the current dividend?
Yahoo shows dividend of $1.92, yield about 7%. A stock analyst on TV this a.m. also stated the div. as 7%. I've looked at VOD's website and they paid the following: 2010- $1.26 2011-$.464 in Feb. and to pay $.98 in Aug.or $1.44.
Bloombery website shows yield to be 5.24%. That's what I get, too!
Which is correct, please !!
<<< Verizon Communications will receive $5.5 billion in the distribution, about equal to the cost of its $1.95 per share annual dividend.
For a long time, there were suggestions that Verizon and Vodafone might unwind the joint venture. To do that, the two companies could merge or Verizon could buy out Vodafone's 45% stake. Thursday's announcement, however, likely puts any such major moves on ice.
Verizon Wireless was formed in 2000. While the joint structure allowed the partners to pool assets and share costs at a time when wireless was still relatively new, it has become awkward now that the business is taking the lead role in growth for telecom companies.
The problem, Mr. Moffett said, is the business has grown so large that buying out one of the partners isn't feasible. Estimates of the value of Vodafone's stake run to $75 billion and beyond.
Mr. Colao has been wooing shareholders by selling Vodafone's indirect investments and returning much of the proceeds to investors. In April, for instance, Vodafone sold its 44% stake in France's SFR SA for $11.3 billion. Prior to that, it unloaded interests in China Mobile Ltd. for $6.9 billion and Japanese telecom provider SoftBank Corp. for $5 billion.
It still hasn't been decided whether the dividend will be paid on an annual basis, a spokesman for Verizon said. The Verizon Wireless board will make a decision on any further dividends in the second half of 2012, he said.
"Whilst a one-off rather than recurring dividend, this action bodes well for future cash returns to Vodafone and should partly eliminate the U.S. asset discount implicit in Vodafone's share price," Deutsche Bank analyst Robert Grindle said in a note on Thursday. He said the action didn't rule out the possibility that Vodafone will sell its stake at a later date. >>>
2 B Pounds; 3.3 B dollars
Vodafone Group Plc (VOD), the world’s largest mobile-phone company, said it will pay a special dividend of 2 billion pounds ($3.3 billion) in February after receiving is first payout from Verizon Wireless since 2005.