Vodafone (VOD) Jumps to Record High on Dividend Raise

We recently published 10 Stocks on a Hot Streak. Vodafone Group PLC (NASDAQ:VOD) is one of the best-performing stocks on Tuesday.

Vodafone rallied for a 5th consecutive day on Tuesday, to hit a new three-year high as investors cheered the declaration of a dividend increase for the first time in seven years.

At intra-day trading, Vodafone Group PLC (NASDAQ:VOD) jumped to its highest price of $12.72 before trimming a few cents to end the day just up by 8.29 percent at $12.67 apiece.

Vodafone Group PLC (NASDAQ:VOD) said in an updated report that it would raise its dividends by 2.5 percent for the fiscal year 2026, as a reflection of its medium-term outlook for adjusted free cash flow growth.

For the first half alone, ordinary shareholders as of November 20, and ADR holders as of November 21, are set to receive 2.25 eurocents of dividends on February 5, 2026. The amount could be converted into USD or GBP based on the average market benchmark rates.

Moving forward, the company will set its interim dividend at half of the total dividend paid for the previous year.

Also last week, Vodafone Group PLC (NASDAQ:VOD) announced the results of its earnings performance for the first half of fiscal year 2026. Net income dropped by 13.8 percent to 1.05 billion euros from 1.22 billion euros in the same period last year, while revenues increased by 7.3 percent to 19.6 billion euros from 18.28 billion euros year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.