For the financial year ending 31 March 2017 and beyond, dividends will be declared in euros and paid in euros, pounds sterling and US dollars, aligning the Group’s shareholder returns with the primary currency in which we generate free cash flow. The foreign exchange rate at which future dividends declared in euros will be converted into pounds sterling and US dollars will be calculated based on the average exchange rate over the five business days during the week prior to the payment of the dividend. The Board has determined that future dividend growth will be calculated from the level of 14.48 eurocents per share in 2016, which is equivalent to the 2016 total dividend payout of 11.45 pence at the year end £:€ exchange rate of 1.2647.
|Year ending 31 March 2019|
|Interim dividend (Euro cents per ordinary share)||4.84|
|FX €:£ and date determined||0.872990 21 - 25 January 2019|
|Pence per ordinary share||4.2253|
|Per ordinary share|
|Year ended 31 March||Currency||Interim||Final||Total||Special dividend||Growth (excluding Special dividend) %|
|2016 (restated in EUR)||Eurocents||4.65||9.83||14.48||2|
(1) In 1999 there were two interim dividends, the first of 0.624p per ordinary share and the second of 0.648p per ordinary share. There was no final dividend. Please also note that these figures have been re-stated to reflect the bonus issue in September 1999 of four new shares for every one held – the actual payments in February 1999 and August 1999 were 3.12p and 3.24p respectively.
(2) In February 2012, a special dividend of 4.0p per ordinary share was paid in addition to the interim dividend of 3.05p. This special dividend was in respect of the Verizon Wireless distribution, as announced by the Company on 29 July 2011.
Euro dividend FX rate - £:€
|Interim dividend 2019 – rate determined on 21-25 January 2019||£1 = €1.14548849|
|Final dividend 2018 – rate determined on 23-27 July 2018||£1 = €1.124935|
|Interim dividend 2018 – rate determined on 22-26 January 2018||£1 = €1.142713|
|Final dividend 2017 – rate determined on 24-28 July 2017||£1 = €1.120072|
|Interim dividend 2017 – rate determined on 23-27 January 2017||£1 = €1.17049|
|Final dividend 2016 – rate determined on 15 July 2016||£1 = €1.1951|
|Interim dividend 2016 - rate determined on 15 January 2016||£1 = €1.3065|
|Final dividend 2015 - rate determined 17 July 2015 ||£1 = €1.4405|
|Interim dividend 2015 - rate determined on 16 January 2015||£1 = €1.31455|
|Final dividend 2014 - rate determined on 18 July 2014||£1 = €1.2633|
|Interim dividend 2014 - rate determined on 17 January 2014||£1 = €1.21295|
|Final dividend 2013 - rate determined on 19 July 2013||£1 = €1.1614|
|Interim dividend 2013 - rate determined on 18 January 2013||£1 = €1.1935|
|Final dividend 2012 - rate determined on 13 July 2012||£1 = €1.2697|
|Interim dividend 2012 and Special Dividend – rate determined on 17 January 2012||£1 = €1.2055|
|Final dividend 2011 - rate determined on 19 July 2011||£1 = €1.1391|
|Interim dividend 2011 - rate determined on 18 January 2011||£1 = €1.1939|
|Final dividend 2010 - rate determined on 20 July 2010||£1 = €1.1830|
|Interim dividend 2010 - rate determined on 19 January 2010||£1 = €1.1464|
|Final dividend 2009 - rate determined on 21 July 2009||£1 = €1.1567|
|Interim dividend 2009 - rate determined on 20 January 2009||£1 = €1.08145|
|Final dividend 2008 - rate determined on 15 July 2008||£1 = €1.255250|
Dividend Reinvestment Plan
The Company offers a Dividend Reinvestment Plan, which allows holders of ordinary shares who choose to participate to use their cash dividends to acquire additional shares in the Company that are purchased on their behalf by the Plan Administrator through a low cost dealing arrangement. In accordance with the terms and conditions of the Plan, purchases of shares may be carried out by several market transactions and may take a number of days, the consideration price taken as an average over the day(s). Note, under our new dividend policy whereby we declare dividends in Euros, any shareholder making a partial DRIP election will receive their cash element in GBP, even if the holder is EU based or otherwise makes an election for Euros. Partial DRIP elections can only be made by institutional shareholders.
Further details can be obtained from the Plan Administrator on +44 (0) 370 702 0198.
To register for the Dividend Reinvestment Plan (DRIP) online, holders need to register for the investor service operated by our Registrars at investorcentre.co.uk. Holders will require their Shareholder Reference Number (SRN), which can be found on their share certificate or dividend confirmation. When on the ‘Holding Summary’ screen, select ‘Vodafone’ and click on ‘Amend’ next to ‘Dividend Plans’.