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Dividend boost for Vodacom investors

May 17 2010 08:13

Company Data

Vodacom Group Limited [JSE : VOD]

Last traded R103.50
Change R-0.40
% Change -0.38%
Cumulative volume 970,284
Market cap R154.00bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Mtn Group Ltd [JSE : MTN]

Last traded R133.15
Change R0.85
% Change 0.64%
Cumulative volume 3.39m
Market cap R250.98bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Vodacom [JSE:VOD] boosted annual headline earnings by 22.3%, and said it will increase dividend and spend R7.4bn in capital expenditure.

Vodacom, which is majority-owned by Britain's Vodafone, said headline earnings per share for the year to end-March rose 22.3% to 510c.

Headline earnings, which strip out some one-off and non-trading items, are the main profit gauge in South Africa.

South Africa's largest cellphone operator declared a final dividend of 175 cents per share, and said it would increase the dividend payout ratio to 60% in full-year 2011 from 40%.

"Our strengthened financial position supports an increase in our dividend payout to shareholders," said Vodacom CEO Pieter Uys.

MTN [JSE:MTN], Africa's largest cellphone company by subscribers, said in March its adjusted headline earnings per share for the year to end-December dropped 16.6% to 754.3c. The company is is currently in talks to buy assets from Egypt's Orascom Telecom.

 - Reuters

 
 
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