This frees up money for future growth although investors will suffer lower income
Thursday 16 May 2019 Author: Steven Frazer
FTSE 100 telecoms group Vodafone ( VOD ) has pulled a massive U-turn and slashed its dividend by more than 40%, despite having committed six months earlier to maintaining the payment at the same level as the previous financial year. The shares are now trading on a prospective yield of 6.1% versus 10% before the announcement. For the year to 31 March 2018, the €0.1507 per share dividend cost...