Vodafone 1998 Annual Report Download - page 60

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Annual Report and Accounts 1998 - Company Review - Statement by the Chairman
Shareholder returns
Earnings per share
Earnings per share increased from 11.89p to 13.63p.
Dividends
The proposed final dividend of 2.82p produces a total for the year of 5.53p, an
increase of 15%, and reflects the Group's underlying profitability and liquidity.
Dividend cover of 2.5 times has been maintained.
Share price
The share price has shown healthy growth since the Company floated in 1988 at
an issue price of 170p, which is now equivalent to 56.7p following the
capitalisation issue in July 1994. Annual compound growth in the share price over
the five year period to 31 March 1998 was 38%.
The growth in the share price accelerated in the year to 31 March 1998, more
than doubling to 624.5p. This increase reflected the general rise in equity prices,
investors' re-rating of the mobile telecommunications sector and confidence in the
Group's prospects
http://www.vodafone.com/download/investor/reports/annual98/financialreview/shareholders.html (1 of 2)29/03/2007 23:09:28