Diageo plc (NYSE:DEO) Raises Dividend to $2.11 Per Share

Diageo plc (NYSE:DEO) declared a Semi-Annual dividend on Friday, July 26th, NASDAQ reports. Investors of record on Friday, August 9th will be paid a dividend of 2.111 per share on Tuesday, October 8th. The ex-dividend date is Thursday, August 8th. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19.

Diageo has raised its dividend by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Diageo has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Diageo to earn $7.76 per share next year, which means the company should continue to be able to cover its $4.22 annual dividend with an expected future payout ratio of 54.4%.

Shares of NYSE:DEO opened at $163.28 on Tuesday. The company has a market cap of $99.51 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.87 and a beta of 0.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. The company has a 50 day moving average of $170.40. Diageo has a one year low of $131.43 and a one year high of $176.07.

Several equities analysts recently commented on DEO shares. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective for the company in a research note on Monday, May 27th. Kepler Capital Markets downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Diageo currently has a consensus rating of “Hold” and a consensus target price of $178.00.

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 (NYSE:DEO)

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