Business & Finance
Vodacom Trims Payout Plan, Lifts Revenue Goal to $18 Billion
Key Points
Vodacom Trims Payout Plan, Lifts Revenue Goal to $18 Billion Vodacom Group Ltd. trimmed its dividend-payout plan and raised its revenue, earnings and cash-flow goals as the wireless carrier seeks to reinvest capital in its higher-growth eastern and northern African businesses. The board updated the dividend policy to a payout of at least 65% of headline earnings “to reinvest capital at higher rates of growth and attractive returns,” it said in a statement Monday. That compares with 75%...
Vodacom Trims Payout Plan, Lifts Revenue Goal to $18 Billion
Vodacom Group Ltd. trimmed its dividend-payout plan and raised its revenue, earnings and cash-flow goals as the wireless carrier seeks to reinvest capital in its higher-growth eastern and northern African businesses.
The board updated the dividend policy to a payout of at least 65% of headline earnings “to reinvest capital at higher rates of growth and attractive returns,” it said in a statement Monday. That compares with 75% previously.