FinancialContent is the trusted provider of stock market information to the media industry.
February 21, 2014 at 08:49 AM EST
Vodafone Group Plc Reports Reverse Stock Spilt; Pro Rata Distribution of Verizon Communications Inc. Stock (VOD, VZ)

On Thursday, Vodafone Group Plc (ADR) (VOD) reported a pro rata distribution to shareholders of common stock of Verizon Communications Inc. (VZ).

The distribution will be given to VZ shareholders of record on February 20 and will occur on February 21. Following the distribution, there will be a 6:11 reverse stock split of VOD.

For each ADR held of VOD, shareholders will be given .263001 of a share of VZ common stock. Nasdaq reported that this transaction will be effective before the market open on February 24.

Vodafone Group shares were up 29 cents, or 0.75%, during pre-market trading Friday.

The Bottom Line

Shares of Vodafone Group Plc (ADR) (VOD) have a 4.10% yield based on Thursday’s closing price of $38.74.

Vodafone Group Plc (ADR) (VOD) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More