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DGE Diageo Plc

2,565.50
34.00 (1.34%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Diageo Plc DGE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
34.00 1.34% 2,565.50 16:29:58
Open Price Low Price High Price Close Price Previous Close
2,539.50 2,536.50 2,567.00 2,565.50 2,531.50
more quote information »
Industry Sector
BEVERAGES

Diageo DGE Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
01/08/2023FinalGBP0.491724/08/202325/08/202312/10/2023
26/01/2023InterimGBP0.308302/03/202303/03/202313/04/2023
28/07/2022FinalGBP0.468225/08/202226/08/202220/10/2022
27/01/2022InterimGBP0.293624/02/202225/02/202207/04/2022
29/07/2021FinalGBP0.445926/08/202127/08/202107/10/2021
28/01/2021InterimGBP0.279625/02/202126/02/202108/04/2021
04/08/2020FinalGBP0.424713/08/202014/08/202008/10/2020
30/01/2020InterimGBP0.274127/02/202028/02/202009/04/2020
25/07/2019FinalGBP0.424708/08/201909/08/201903/10/2019

Top Dividend Posts

Top Posts
Posted at 25/7/2024 20:36 by giltedge1
Personally I don t think DGE will return to glory days, reasons drinking reducing generally in younger generations, previous CEO loaded up debt, Govts hate liquor companies in general due to social cost, so DGE have to restrict or be careful in marketing also Trump slapped whisky import tax so re-election would be bad news. I sold at £30 & reinvested in FSTA. instead.
Posted at 21/7/2024 07:45 by laurence llewelyn binliner
#Mcunliffe1, the dividend is indeed average, but what is more important is the likelihood of maintaining the progressive policy and the durability of the company..

I have had 4 recent portfolio examples of companies cutting their dividends in half or cancelling it, that is far worse for income seekers..

DEC/VOD/DLG/BRBY, they will recover over time of course but nobody likes a pay cut do they.. :o)
Posted at 20/7/2024 09:03 by laurence llewelyn binliner
#La Forge, if we compare RI to DGE over 12/24/60 month charts, the down trend is broadly similar for both companies, I will be looking to add DGE, being exposed to FX on dividend income just adds another layer of risk, and the banks are not well known for their charity on FX translations.. :o)

I have 51.625 pence for the next dividend pencilled in, DGE have an enviable 24 year record for progressive dividends, and despite a softening of sales/profits I think they will still maintain it..

DGE peaked at 4000 Xmas 2021 just as interest rates started to climb and the share price has trended down to 2500 continuously as rates hit 5.25% today..

Trading update 30th / outlook / guidance
FED interest rate decision 31st
BOE interest rate decision 01st August

A busy few days, but the catalysts (IMO) are all there to be triggered for a reversal in the share price trend, maybe add on 30th TU to get ahead of a rate cut and keep your fingers crossed for a day and pay a bit more IF the cuts happen.. :o)
Posted at 20/7/2024 07:49 by la forge
Latest Dividends


Summary Previous dividend Next dividend

Status Paid Forecast

Type Interim Final

Per share 32.05p (40.5c) Sign Up Required

Declaration date 30 Jan 2024 (Tue) 30 Jul 2024 (Tue)


WHO WOULD HASSARD A GUESS AS TO WHAT NEXT DIVI MIGHT BE

HOW ABOUT 40p

Ex-div date 29 Feb 2024 (Thu) 22 Aug 2024 (Thu)

Pay date 17 Apr 2024 (Wed) 10 Oct 2024 (Thu)
Posted at 17/7/2024 10:02 by mcunliffe1
A strong pound and weak dollar shouldn't help DGE either. Yet as I write this they are up 4p.
Posted at 27/6/2024 10:34 by anhar
A while back I had a full holding of DGE in my income port but the continuing price fall has reduced its relative value quite a bit. I'm willing to top it up to average value but only at an attractive enough yield as I'm purely a long term hold income investor.

I set that top-up yield at 5%, thus on a forecast divi when converted to sterling of perhaps 82p for 24 that gives a price of 1,640p. If I estimate the 25 divi at say 84p, that prices the share at 1,680p.

So I'm a buyer at around those prices but I doubt that it will go that low so I'll just leave my existing holding as is. No reason to sell as long as it continues to deliver on long term divi growth, as it has over the years, plus it provides essential diversification.
Posted at 28/5/2024 11:42 by kinwah
Sceptical, I'm with you. I think DGE's problem is consumers are trading down. In places like China the luxury market has collapsed so people aren't paying £600 for prestige bottles of whisky any more. At the bottom end of the whisky market there seems to be a plethora of cheap Scottish sounding brands which are gaining market share. It all makes it very difficult for a marketing driven company like DGE to make any progress.
Posted at 23/5/2024 17:55 by mcunliffe1
What exactly is DGE getting wrong that's resulting in the low SP?

We surely aren't cutting back on alcohol consumption in the West. Guinness is selling well and improving all the time. I don't understand it; it's the worst performer in my SIPP. The £10k investment I made on 15th Aug 2023 at £32.32 is down almost 19%

Fortunately, I don't need to sell this stake and I am a long-term, dividend seeker. I rather hope the cycle will rotate and DGE starts to rise again - perhaps when the lack of alcohol in the Caribbean and South American sales territory is apreciated and stocks once more require topping-up.

I believe this recent fall started in April 2022 and was aided by the overstocking disclosure in Nov 2023.
Posted at 17/5/2024 18:54 by xtrmntr
There was a time, not so long ago, when Diageo (DGE) seemed to be one of the more dependable investment options within the FTSE 100. Indeed, if you were to plot the beverage group's share price against the performance of the FTSE All-Share since the turn of the millennium, you could tell at a glance that it's been a low-volatility, low-beta affair. The stock has proved itself to be remarkably resilient during economic downturns, reflecting the relatively inelastic demand profile where alcoholic beverages are concerned – "relatively" being the operative word.Unfortunately, things went awry last November when the group warned of a steep decline in organic net sales brought about by a faltering performance in its Latin American and Caribbean markets. The profit warning startled the market, as bosses had reiterated medium-term guidance of net sales growth in the range of 5-7 per cent only a few weeks beforehand.The share price duly fell by 12 per cent in response, but it could be argued that it had been in a downtrend since as early as April 2022. On that basis, Diageo's share price decline is in line with its average peak-to-trough fall of 22 per cent recorded during the five periods of prolonged share price weakness since 2000. As with any stock, progress has not been linear, and share price movements have certainly been reflective of financial performance. Yet based on trading volume statistics, the shares have been more tightly held since July 2009 - and it's not difficult to appreciate why. The predictability of Diageo's financial performance through the years, allied to its high profit margins, brand strength and a proven ability to generate free cash flow, means that the stock has become one of the stalwarts of UK investment funds and pension portfolios. Institutional investors and insiders now account for 74 per cent of the issued shares. Consequently, the stock's forward multiples rarely, if ever, point to mispricing based on consensus expectations. But it's worth examining if the latest bout of share price weakness has given way to a viable long-term investment opportunity.Neither Diageo, nor its spirits market counterpart, Pernod Ricard (FR: RI), look attractively priced based on their price/earnings-to-growth ratios, although this isn't particularly surprising given the maturity of their end markets – growth is a distinctly incremental affair, often tied in with their M&A strategies. The good news is that Diageo is growing cash profits at a much faster clip than its long-term average rate despite destocking issues in Latin America and the Caribbean.The group's cash generation is certainly one of its more attractive features, enabling it to readily service an admittedly hefty debt pile while pursuing M&A opportunities and share buybacks where appropriate. A quick ratio of 0.7 suggests that it may not have sufficient liquid assets to pay off short-term debts, although the group's inventory is larger than its current liabilities and trade debtors combined. S&P Global gives an A-minus credit rating with a stable outlook. This suggests that while Diageo might be "somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions", its "capacity to meet its financial commitment on the obligation is still strong".Taking the debt burden into consideration, it makes sense to assess Diageo's current valuation based on its enterprise value (EV) relative to cash profits (Ebitda). And it's on this basis, rather than the standard price/earnings ratio, where some potential long-term value is apparent. The forward EV/Ebitda ratio is 25 per cent adrift of its five-year average at 13.9 times, or 44 per cent down on its loftiest rating over the period. Naturally, there is no guarantee that the stock will readily return to historical multiples, although a failure to do so would be at odds with the group's previous retracements.The group's forward dividend yield stands below the FTSE 100 average at 2.9 per cent. Although reinvested dividend income accounts for a high proportion of total returns in the UK, many of the highest-yielding stocks on the London market have delivered some of the poorest capital returns, whereas Diageo has been able to consistently grow its distributions and market valuation over time.Combining dividend increases with share price gains is the ideal scenario where equity investments are concerned. But Diageo's rejigged management team will need to convince the market that the group's targeted mid-single-digit growth rate in the US spirits market is within reach. The destocking issue in Latin America might be an even tougher nut to crack, but improvements on either front could function as a catalyst for the share price.
Posted at 19/10/2023 11:29 by billy two cocks
Phillis.

You should really have a word with yourself.

I sold a substantial amount of DGE in April at just under £37.

I can now buy them back at a good discount.

At present I hold zero DGE. I fully intend to buy my original holding back but not at these prices.

It does amuse me when we have a small increase in the share price and people like you jump up and down thinking it's xmas.

I would be very careful being long at the moment. The geopolitical situation is atrocious, earnings in the US are coming in lower and a re-rating across the markets is a distinct possibility. I'm also not at all sure about the new CEO and think that DGE is resting on its laurels.

The dividend yield is uninspiring too.

Good luck but don't try to belittle people who have a valid opinion and are quite possibly in a much higher league than you. It makes you look, well......amateurish.

Would I short DGE? No.

Would I buy DGE? Yes but not at this level.

Thanks

BTC

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