Vodafone increases its 2014 final dividend by 2%

DividendMax Ltd.

Vodafone increases its 2014 final dividend by 2%

Highlights

·      Group revenue up 10.1% to £42.2 billion; full year organic service revenue declined 1.6%

·      Return to growth in Q4: organic service revenue up 0.1%; Europe -2.4%, AMAP 6.0%

·      EBITDA down 6.9% at £11.9 billion; H2 EBITDA down 3.6%

·      EBITDA on a guidance basis £11.7 billion, in line with £11.6 - £11.9 billion guidance range

·      Free cash flow £1.1 billion; capital expenditure £9.2 billion, up 45.7% year-on-year

·      £5.5 billion deferred tax assets recognised and reported in H1

·      Net debt of £22.3 billion, or £18.7 billion including $5.2 billion Verizon loan notes

·      Final dividend per share of 7.62 pence, up 2.0%, giving total dividends per share of 11.22 pence

 

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