By Robert Sutherland Smith | Friday 4 April 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Now that the talk of a takeover of Vodafone (VOD) has retreated, I have caste an eye over the company which, at 220p (last seen) is 13% down from its February peak of 253p. The shares clearly represent above average value in terms of annual dividend yield of 5%, though it is not hugely well covered by earnings on a ratio (historic) of 1.5 times. Moreover, according to market consensus estimates and expectations little dividend growth is estimated.
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