Diageo plc (NYSE:DEO) Announces $1.20 Dividend

Diageo plc (NYSE:DEO) declared a dividend on Thursday, August 13th. Shareholders of record on Friday, October 16th will be paid a dividend of 1.20 per share on Thursday, December 3rd. This represents a yield of 252.0%. The ex-dividend date is Friday, October 16th.

Diageo has decreased its dividend payment by an average of 0.0%annually over the last three years. Diageo has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Diageo to earn $6.70 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 22.7%.

Diageo Stock Up 1.2%

Shares of DEO stock opened at $95.06 on Friday. The firm has a fifty day moving average of $84.37 and a two-hundred day moving average of $84.02. Diageo has a 1-year low of $72.45 and a 1-year high of $116.41. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.