Diageo plc (LON:DGE) Declares Dividend Increase – GBX 42.47 Per Share

Diageo plc (LON:DGE) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 42.47 ($0.55) per share on Thursday, October 3rd. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Diageo’s previous dividend of $26.10. The official announcement can be viewed at this link.

DGE stock opened at GBX 3,381.50 ($44.19) on Tuesday. The stock’s 50-day moving average price is GBX 3,403.32. The company has a debt-to-equity ratio of 124.84, a quick ratio of 0.53 and a current ratio of 1.34. Diageo has a 52-week low of GBX 2,513 ($32.84) and a 52-week high of GBX 3,500.50 ($45.74). The stock has a market cap of $80.26 billion and a price-to-earnings ratio of 25.99.

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a GBX 2,980 ($38.94) target price on shares of Diageo and gave the stock a “sell” rating in a research note on Thursday, July 25th. Jefferies Financial Group reissued a “buy” rating on shares of Diageo in a research note on Tuesday, June 18th. Royal Bank of Canada set a GBX 3,100 ($40.51) target price on shares of Diageo and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Credit Suisse Group set a GBX 3,750 ($49.00) target price on shares of Diageo and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Liberum Capital reissued a “hold” rating on shares of Diageo in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,355.36 ($43.84).

In related news, insider Javier Ferrán purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of GBX 3,285 ($42.92) per share, with a total value of £985,500 ($1,287,730.30). Insiders purchased a total of 30,013 shares of company stock worth $98,593,479 over the last ninety days.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Dividend History for Diageo (LON:DGE)

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