Vodafone increases 2014 interim dividend by 8%

DividendMax Ltd.

Vodafone increases 2014 interim dividend by 8%

Q2 Group organic service revenue on a management basis1 declined 4.9%; N. & C. Europe down 4.9%; S. Europe down 15.5%; AMAP up 5.7%

·      H1 EBITDA on a management basis down 4.1% to £6.6 billion, now reported excluding restructuring and significant one-off items of £228 million in H1

·      Adjusted operating profit on a management basis £5.7 billion, free cash flow on a management basis £2.0 billion

·      Full year guidance confirmed: adjusted operating profit around £5.0 billion; free cash flow £4.5 - £5.0 billion

·      Interim dividend per share of 3.53 pence, up 8.0%; intention to pay full year dividends per share of 11 pence

·      US$130 billion sale of US Group announced, US$84 billion expected return to shareholders

·      Completion of Kabel Deutschland acquisition in October 2013 advances unified communications strategy

·      Additional deferred tax assets of £17.7 billion recognised in relation to the Group's historical tax losses; £3.0 billion tax charge recognised in relation to the sale of the US Group

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