Why Vodafone boss had to cut dividend

Why Vodafone boss had to cut dividend

The British mobile giant's finances are stretched to snapping point, so something had to give

It’s counter-intuitive: you cut the dividend, yet the shares rise. That’s exactly what happened to Vodafone on Tuesday morning; maybe it was short-term relief that an industry known for its generous pay-outs was finally getting a sense of reality, though the shares fell back later in the day.

Telecoms operators’ historic tendency towards out-sized dividends has tied up capital that might have been better spent on new technologies....

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post