Vodafone Group (VOD) is increasing its "interim" dividend (the first semi-annual dividend for 2013) by 7.2%, from 3.05 to 3.27 pence per ordinary share. The exchange rate for the American Depositary Shares (1 ADS = 10 ordinary shares) will likely be determined sometime in January, but at the current exchange rate, this works out to an increase in U.S. dollars of about 9.8%. Given that I own 80 shares of VOD, my interim dividend will be about $40.73, to be paid sometime in February.
In related news, Vodafone is receiving a special dividend payment of about £2.4B from Verizon Wireless, of which £1.5B will be used to buy back shares. The company also reported an H1 net loss due to write-downs in troubled Spain and Italy. Southern Europe will likely continue to weigh on the company's operating results in the short term.