A slightly better performance than in the previous quarters in the Q2, thanks to Germany whose service revenue returned to growth supported by broadband price increases.
The question of whether Vodafone will be able to maintain its dividend remains open in the eyes of the market. We believe Vodafone will have to cut its dividend by at least 25%. We remain however at Buy although we see no short-term catalyst in this release likely to revive sentiment on the stock.

14 Nov 2023
An inevitable reduction in the dividend ?

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An inevitable reduction in the dividend ?
Vodafone Group Plc (VOD:LON) | 70.4 0 0.0% | Mkt Cap: 17,517m
- Published:
14 Nov 2023 -
Author:
Jean-Michel Salvador -
Pages:
3 -
A slightly better performance than in the previous quarters in the Q2, thanks to Germany whose service revenue returned to growth supported by broadband price increases.
The question of whether Vodafone will be able to maintain its dividend remains open in the eyes of the market. We believe Vodafone will have to cut its dividend by at least 25%. We remain however at Buy although we see no short-term catalyst in this release likely to revive sentiment on the stock.