Diageo plc (NYSE:DEO – Get Free Report) announced a dividend on Monday, March 16th. Investors of record on Friday, April 17th will be given a dividend of 0.80 per share on Thursday, June 4th. This represents a yield of 207.0%. The ex-dividend date of this dividend is Friday, April 17th.
Diageo has raised its dividend payment by an average of 0.0%annually over the last three years. Diageo has a dividend payout ratio of 73.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Diageo to earn $6.81 per share next year, which means the company should continue to be able to cover its $4.95 annual dividend with an expected future payout ratio of 72.7%.
Diageo Stock Performance
Shares of NYSE DEO traded up $0.21 during midday trading on Tuesday, reaching $77.11. 952,862 shares of the stock were exchanged, compared to its average volume of 2,056,824. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. The company has a 50 day simple moving average of $90.31 and a 200 day simple moving average of $92.93. Diageo has a twelve month low of $75.77 and a twelve month high of $116.69.
About Diageo
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.
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