Vodafone Group PLC (VOD) is a leading telecommunications company that is based in the United Kingdom. This company is focused on Europe, but also hasoperations and interestsin the Middle East, Africa, Asia Pacific and the United States. This global presence allows the company to participate in the growth of emerging market countries like India, for example. A global presence also creates diversification which can lower risk for the company and its investors.
In recent days, many major stock market indexes in Europe have dropped by about 3% or even more as concerns about the economy have returned. This has put pressure on a number of high-quality stocks that offer above average dividend yields. Investors who are looking for market pullbacks as buying opportunities and for dividend income should consider Vodafone shares now for a number of reasons.
As the chart shows, Vodafone shares have recently dropped from over $27 to just around $24. With the stock trading at the low end of the trading range, and because it has bounced sharply from roughly $24 per share in May and November of 2012, this could be an ideal time to buy the pullback.