Vodafone FY22 Preliminary results.

[idpickering]

Good financial performance with growth in revenues, profits and cash flows

• Good service revenue growth in FY22 with continued growth in both Europe and Africa throughout the year
• Good financial performance in Germany with 1.1%* service revenue growth and 6.5%* Adjusted EBITDAaL
growth
• Strong step up in pre-tax ROCE of 1.7 percentage points to 7.2%, supported by operating profit growth of
11.1%
• Group revenue increased by 4.0% to €45.6 billion driven by service revenue growth in Europe and Africa
• Adjusted EBITDAaL growth of 5.0%* to €15.2 billion driven by good revenue growth and continued cost
transformation programme savings
• Adjusted free cash flow of €5.4 billion, with growth enabled by an increase in Adjusted EBITDAaL
• Total dividends per share are 9.0 eurocents, including a final dividend per share of 4.5 eurocents

And later;

Dividends

Dividends will continue to be declared in euros, aligning the Group’s shareholder returns with the primary
currency in which we generate free cash flow, and paid in euros, pounds sterling and US dollars. The foreign
exchange rate at which future dividends declared in euros will be converted into pounds sterling and US
dollars will be calculated based on the average World Markets Company benchmark rates over the five
business days during the week prior to the payment of the dividend.

The Board is recommending total dividends per share of 9.0 eurocents for the year. This includes a final
dividend of 4.5 eurocents compared to 4.5 eurocents in the prior year.
The ex-dividend date for the final dividend is 1 June 2022 for ordinary shareholders, the record date is 6 June
2022 and the dividend is payable on 5 August 2022. Dividend payments on ordinary shares will be paid directly
into a nominated bank or building society account.

https://investors.vodafone.com/sites/vo ... -final.pdf

Also posted on Company News here; viewtopic.php?p=500872#p500872

Ian.

[idpickering]

The results haven't been well received it seems, with the VOD sp being down 3% as I type. I hold them in my HYP, but tbh, they've often made me regret holding them at all? Over the years I've held them they've cut the dividend, and been a very fickle holding for me. Going forward I will just hang onto the share, and focus on the long term.

Ian.

[IanTHughes]

Something does not look right

Dividends

The Board is recommending total dividends per share of 9.0 eurocents for the year. This includes a final
dividend of 4.5 eurocents compared to 4.5 eurocents in the prior year.
The ex-dividend date for the final dividend is 1 June 2022 for ordinary shareholders, the record date is 6 June 2022 and the dividend is payable on 5 August 2022.

If the Ex-Dividend Date is 01 June 2022, it will be a Wednesday rather than the usual Thursday. Also a Record Date of 06 June 2022, a Monday rather than the usual Friday, would be three business days after the Ex-Dividend Date rather than the usual one.

I think someone at Vodafone Plc (VOD) may have goofed


Ian

[idpickering]

Something does not look right

Dividends

The Board is recommending total dividends per share of 9.0 eurocents for the year. This includes a final
dividend of 4.5 eurocents compared to 4.5 eurocents in the prior year.
The ex-dividend date for the final dividend is 1 June 2022 for ordinary shareholders, the record date is 6 June 2022 and the dividend is payable on 5 August 2022.

If the Ex-Dividend Date is 01 June 2022, it will be a Wednesday rather than the usual Thursday. Also a Record Date of 06 June 2022, a Monday rather than the usual Friday, would be three business days after the Ex-Dividend Date rather than the usual one.

I think someone at Vodafone Plc (VOD) may have goofed


Ian

This from the horse's mouth;

Final dividend in respect of the year ending 31 March 2022 as announced on 17 May 2022.

Final dividend FY22 ex-dividend date	         1 June 2022
Final dividend FY22 record date	                 6 June 2022
Final dividend FY22 payment date	         5 August 2022
Final dividend (eurocents per ordinary share     4.50                                                

https://investors.vodafone.com/individu ... /dividends

Ian.

[pyad]

No mistake. The reason for the odd timing is that both Thursday 02 and Friday 03 June are special public holidays for this year so that the xd and record dates could not be held then. Thus as they decided to bring the xd date forward to Wednesday 01 June, the rd is as usual one business day later but in this case it will be Monday 06 June.

[idpickering]

No mistake. The reason for the odd timing is that both Thursday 02 and Friday 03 June are special public holidays for this year so that the xd and record dates could not be held then. Thus as they decided to bring the xd date forward to Wednesday 01 June, the record date is as usual one business day later but in this case it will be Monday 06 June.

Thanks for your ever welcome input Stephen.

Either way, I'm in no rush to buy yet more VOD tbh, but I'm happy to continue holding my VOD shares though.

Ian.

[IanTHughes]

No mistake. The reason for the odd timing is that both Thursday 02 and Friday 03 June are special public holidays for this year so that the xd and record dates could not be held then. Thus as they decided to bring the xd date forward to Wednesday 01 June, the rd is as usual one business day later but in this case it will be Monday 06 June.

Of course - the Queen's Platinum Jubilee!

Moving the Spring bank Holdiay from the usual last Monday in May to Thursday 02 June, and adding 03 June as a special Platinum Jubilee bank holiday!

Silly me!


Ian

[funduffer]

VOD - never fail to disappoint!

Unfortunately, I hold.

FD

[idpickering]

VOD - never fail to disappoint!

Unfortunately, I hold.

FD

Well said. I feel your pain. I could always sell them, but at least they’re paying a dividend, thereby offering a 6.2% yield currently, so I will continue to hold. HYPing is all about buying and holding high yielding shares after all.

Ian.

[vrdiver]

VOD - never fail to disappoint!

Unfortunately, I hold.

FD

Me too!

Allowing for inflation, I reckon they've dropped below the "VOD for £1" target that was lampooned back in the old place

VRD