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Beo1
you certainly are a weird one.
I repeat - i am pretty sure that many investors are not much interested in the unknown cash amount that Vodafone will be paying out in the future - they would be interest in the amount per share that is declared
They said in the most recent announcement the new dividend will be €1.1b, we also know at 9 cents its €2.6b so with all due respect you give it a rest.
So using Vodafone own numbers shall we.
FY = €2.5b dividend paid
Latest release for estimated FY25 = €1.1b
1.1/2.5 = 42.3% of cash paid. 100% less 42.3% he 57.7% which seems remarkably close to 60% in my opinion
Boe
'' once its all completed on the buybacks it will be a 60% reduction on today's SP. ''
Highly unlikely - as I said would need the business to get into a nosedive.
The cash amount that vodafone will pay out in the future is unknown.
''Today's market cap is just short of £19b, they are talking about buybacks of approx £4b that's nearly 20% of shares in issue on today's SP''
incorrect - Vodafone will be investing 4 Billion Euro in Vodafone shares.
Once again - very unlikely that the share count will be 20% lowwer by the end of 2025
now ffs give it a rest.
you cannot facts right, and i am pretty sure that many investors are not much interested in the cash amount that Vodafone will be paying out in the future - they would be interest in the amount per share that is declared
BO one, at leest he dint saye negro.
I is wondring if you wears a smal hat somme tyme so is sensetive abowt fings?
I can't help myself sometimes, should stop biting but your condescending tone riles me to do it.
Today's market cap is just short of £19b, they are talking about buybacks of approx £4b that's nearly 20% of shares in issue on today's SP
Seriously what is your issue. I know how dividends and buybacks work. My timing was off a little but 100% the £ payable across the whole of next year will be more than 50% down YoY. To a maximum of 60% down once all the buybacks are complete, what I'm saying is there is a non zero chance it will be more than a 50% reduction and once its all completed on the buybacks it will be a 60% reduction on today's SP. I admitted it won't be 60% yet you have become fixated on the 60% that I admitted it won't be
Be
ffs
I have given you all the facts that are needed already.
The amount of money that vodafone will pay out in dividends will depend upon the amount per share that is declared multiplied by the number of shares in issue that are eligible for a dividend.
The number of shares in issue on xd dates in the future are an unknown.
The number of shares that can be purchased and cancelled will depend on price levels.
The reduction in share count will not be by 20% unless the average price paid is lower than the current price - unlikely in my opinion, unless the business takes a turn for the worse.
The buybacks will run into the later stages of 2025
So yes the effect will be less dramatic in the first new rebased dividend in November but the cash benefit will be more than 50% but by Final dividend next year it will be even more than 50%, that was my point originally, that they are saving more than 50% cash and could be as much as 60%, but I guess I need to be more specific in future
November is xd's for interims payable in February, which we had last month.
The final dividend goes xd in June and payable in August
Actually my quick read of it was wrong, saw Nov as date as assumed it was ex div
Https://investors.vodafone.com/individual-shareholders/dividends
So this is wrong? Says Nov and Feb as ex div dates
Boe
''No that's the final dividend, we announce results in May and that dividend becomes ex dividend in November.''
No the final dividend goes xd in June and payable in August
.
The re based divi (interim) will go xd in November.
Although you'd need to half all my numbers as 9cents is fy div not the actual dividend payments but YoY stands even more true,
You get the interim for next year in Feb 25 and that will be 50% plus x% for less shares than Feb 24. Then Nov25 would be 50% plus x% for the less shares plus y% for further buybacks, hence why I believe your getting closer to 60% less cash out than 50%
No that's the final dividend, we announce results in May and that dividend becomes ex dividend in November. That will be the last one at 9 cents. The next dividend will then be 4.5 cents payable in February, it's at that point a fair chunk of the buybacks will have been done, so yes the 4.5 cents x lower counts of shares will then be over 50% to 60% cheaper than what was paid I'm November 24 and February 2024.
Be
'' the next interim dividend will be ex div in Feb 2025''
No it is Nov 2024
''might not be 20% of the shares''
might? - No, 20% of shares would not have been bought and cancelled by the next interim xd date. The total 4 Billion spend will likely run until nearer the end of 2025, and the percentage of shares bought back and cancelled will depend upon the prices paid.
The total shareholder returns is being increased in the next financial year.
Dividend amounts per share following from the re base are an unknown at this point in time, and will obviously depend upon how the business shapes up.
Dan, your welcome, hope you had a good holiday, i can't think of a better way to spend dividend money, talking of which as longterninvester pointed out it doesn't seem to have had any impact on the share price so far
Sorry ForensicBloo for not DYOR ing, but there are some on here more helpfull that you, so thank you rob & L.T.I.
Im knot hear too blowe smoke up you're a s s es you will no bye know.
If it be goin downe I will saye it be goin downe.
There know point in pusy footin a round wiv the knews on these Vodefone shares.
They is on a exxpres ellevattor too hell
Thanks Rob. I was on holiday for 2 weeks, & don't look at vod shares when I am on holiday. We all need a break sometimes.
The current year final dividend will be at current rate, the next interim dividend will be ex div in Feb 2025 so yes I would assume the buyback is well into it by then, might not be 20% of the shares but it will be a sizeable chunk. so yes the cut in the £ amount will be 50% to 60%, i would say close to the 60% IMO
No, I was on holiday
B
btw the total returns including the buybacks are increasing
Boe
Vodafone won't miss the Spanish/Italian contribution.
''cancelling 20% of the shares whilst trimming the dividend by 50% is effectively at 60% cut''
??
the spending of 4 Billion on shares would take a long time - unlikely to be much before the end of 2025. The re based dividend will start this year. The BOD if they so wish, could increase
the dividend from the re based level , before or after the completion of the 2X2 Billion buybacks. Hopefully the first buyback will start before July.
Dan
it would be in numerous places
https://www.fool.co.uk/2024/03/15/the-vodafone-share-price-is-up-despite-a-50-cut-in-dividend/