Its operating profit increased 11.1% year-over-year to €5.66 billion ($5.77 billion). The company announced a dividend of $0.46 per share, payable on August 05, 2022.ĭuring the fiscal year ended March 30, 2022, VOD's total revenue increased 4% year-over-year to €45.58 billion ($46.49 billion). VOD's four-year average dividend yield is 6.83%, and its forward annual dividend of $0.91 per share translates to a 6.36% yield. It offers mobile, fixed-line services such as broadband, television (TV), and convergence services under the GigaKombi and Vodafone One names. Headquartered in Newbury, the United Kingdom, VOD is a connectivity and digital services provider.
Investors' interest in dividend stocks is evident in the iShares Core High Dividend ETF's ( HDV ) 5.4% returns over the past year. Investing in quality dividend-paying stocks could help investors cushion their portfolios against market volatility and generate a steady income stream. According to CNBC's June survey, nearly 42% of the respondents said they would likely invest in dividend-paying stocks for the rest of the year. Since the market volatility is not expected to ease anytime soon, investors shift toward dividend stocks to dodge the market risks. According to the World Bank, the global economic growth is expected to fall to 2.9% in 2022, from 5.7% last year. The stock market has had a tumultuous year, fostering fears of a potential recession among investors due to the soaring inflation and the Fed's aggressive interest rate hikes. Amid the persisting market volatility on concerns over high inflation and a looming recession, we think it could be wise to invest in fundamentally strong dividend-paying stocks Vodafone Group (VOD), Gilead Sciences (GILD), and BHP Group (BHP) for a steady income stream.
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