10 Best FTSE Dividend Stocks To Buy Now

8. Vodafone Group Public Limited Company (NASDAQ:VOD)

Dividend Yield as of January 3: 8.60%

Number of Hedge Fund Holders: 23

Vodafone Group Public Limited Company (NASDAQ:VOD) provides telecommunications services across Germany, the UK, Europe, Turkey, and Africa. It offers mobile and fixed connectivity, cloud and edge computing, cybersecurity, and IoT solutions for businesses. Vodafone Group Public Limited Company (NASDAQ:VOD) is one of the best FTSE dividend stocks to consider, with an impressive dividend yield of 8.60% as of January 3, 2025.

The £15 billion Vodafone-Three UK merger has recently been approved by the Competition and Markets Authority, with conditions to invest in a combined 5G network across the UK and cap certain mobile tariffs for three years. The merger will create the UK’s largest mobile operator, serving 27 million customers, and is expected to be completed in the first half of 2025. Vodafone Group Public Limited Company (NASDAQ:VOD) will own 51% of the merged entity initially, with the option to buy the rest later.

Vodafone Group Public Limited Company (NASDAQ:VOD)’s results are right on track with expectations, and the company is sticking to its full-year guidance. EBITDA grew by 3.8% in the first half of FY 2025, even with the challenges in Germany. The UK, other European regions, and Turkey all saw strong growth, which helped balance out slower service revenue growth in Q2 due to the MDU transition in Germany. Vodafone Group Public Limited Company (NASDAQ:VOD) is really focusing on improving customer experience, simplifying operations, and driving growth. In Germany, they have set up a new management team and made big investments in their network. On the other hand, Vodafone sold a stake in Vantage Towers for €1.3 billion. All these efforts are setting Vodafone Group Public Limited Company (NASDAQ:VOD) up for growth this year and even more acceleration heading into FY 2026.

Insider Monkey’s Q3 database suggests that 23 hedge funds were bullish on Vodafone Group Public Limited Company (NASDAQ:VOD), up from 19 funds in the prior quarter. Jim Simons’ Renaissance Technologies holds a stake worth roughly $88 million in Vodafone, making it one of its top shareholders.