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DGE Diageo Plc

2,350.00
-7.50 (-0.32%)
Last Updated: 11:34:05
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
-7.50 -0.32% 2,350.00 11:34:05
Open Price Low Price High Price Close Price Previous Close
2,345.50 2,338.50 2,353.50 2,357.50
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

Top Dividend Posts

Top Posts
Posted at 31/10/2024 10:13 by anhar
I'm going to add to the existing DGE holding in my income port if it falls to 1,600p, at which point the yield would be about 5% assuming at least maintained divis.

That's about a third less than the current price so I doubt it will go that low, but then I never thought it would fall as far as it has.

I'm only here for the divis.
Posted at 15/10/2024 10:31 by anhar
Thanks MC. I've read it now and it explains that the need for diversification is the reason for the partial sale of LGEN. I'd agree that diversification is critically important for an income port, especially where one is dependent on the divis, and I have followed this principle from day one, a very long time ago.

But without seeing the whole Telegraph port it still seems somewhat odd to sell part of LGEN for DGE. As I suggested, in my own port, if I needed to sell part of a holding in order to widen the diversification in a new one, LGEN would be my last choice. The idea is to increase port yield when trading, not reduce it, though I accept that other considerations can influence the decision sometimes, such as relative values in the port rendering a share excessively overweight etc.
Posted at 12/10/2024 11:45 by anhar
I couldn't read the article as it's paywalled but I've been running a diversified income port for decades, divis are the only reason I invest in shares at all, and selling LGEN for DGE seems a bit odd on the face of it as this would create a substantial income drop.

My general aim when trading shares in the port is to increase total yield. So I'd normally sell a lower yielder for a higher. I hold very long term so rarely trade but in a recent example I sold low yielder BA., which had become very overweight, for high yielder HSBA thus boosting income. I can't see myself selling LGEN for anything else for the time being as it's one of the highest yielders in my portfolio and growing payouts too. I also hold DGE which has been a decent divi developer.
Posted at 11/10/2024 23:39 by philanderer
Telegraph tip

'Guinness is good for your holdings despite the modest dividend yield'

Questor is trimming a Legal & General holding to buy Diageo for its income portfolio
Posted at 14/9/2024 08:25 by giltedge1
Terry Smith selling is off-putting, as DGE no longer meets his investment criteria. Took a loss I believe. Also trends of trading down in brands in some markets, millennials drinking less & high debt make DGE a hold at best. High gearing limits options for turnaround. The buybacks in the past using borrowed funds, at high share prices are proving costly.
Posted at 08/9/2024 13:20 by anhar
I'm purely a long term income investor and have held for many years. Divi growth has been decent though recent capital performance has been awful, but I don't invest with gains as my objective. All about income for me and I retain my DGE holding due to the good divi growth long term.

I've said here before that I'm prepared to add to my holding but only on a 5% yield, implying a price of around 1,600p with an 80p-ish divi. I doubt it will get there as that's 33% below the current price, but it's rather closer than when I last considered this.

A sizeable divi increase with the $ not weakening much worse than 1.31 would raise my buy price a bit but continue to require a reduced, but still large, fall to occur.
Posted at 06/8/2024 10:24 by waldron
Down 30% in 5 years, are Diageo shares a no-brainer buy?

Charlie Keough
motely fool

Tue, 6 August 2024 at 9:42 am CEST·3-min read


It’s been a rough five years for Diageo (LSE: DGE) shareholders. During that time, its shares have lost 30.3% of their value. They’ve risen as high as £40.36 but they’re at one of their lowest points in five years right now, sitting at £23.57.

That’s not inspiring stuff from the alcohol beverage giant. I like to buy stocks that are gaining momentum but still look cheap. When it comes to gaining momentum, Diageo must have missed the memo.

But while its share price performance has been dire, I think there’s still a lot to like about the business. Could the FTSE 100 stock, now trading on 17.2 times earnings, be a no-brainer buy?

A rough spell

It hasn’t been an easy couple of years for the company. Weak consumer spending has impacted its share price. The business issued a profit warning earlier this year after sales in the Latin American and Caribbean region fell 21%.


With the ongoing cost-of-living crisis, consumers have been searching around for cheaper alternatives or even cutting out alcohol altogether. Unfortunately for shareholders, it seems like this will continue to be the case in the coming months.


Long-term performance

But there are two reasons I reckon the stock could be a no-brainer buy. The first is due to the premium brands it owns.

Yes, consumers have been tightening their belts. But with names such as Guinness, Captain Morgan, and Don Julio under its umbrella, I still back Diageo to perform over the long run.

As interest rates are cut, spending will pick up again. What’s more, although it has been a source of concern recently, in the years and decades to come, it’s predicted we’ll see strong economic growth in regions such as Latin America and the Caribbean. That should further help boost spending.


Rising yield

Reason number two is that its falling share price has pushed up its dividend yield.

Today, it sits at 3.4%.



On paper, a yield of that size may not seem like anything to write home about. However, there’s a caveat.

Yes, consumers have been tightening their belts. But with names such as Guinness, Captain Morgan, and Don Julio under its umbrella, I still back Diageo to perform over the long run.

As interest rates are cut, spending will pick up again. What’s more, although it has been a source of concern recently, in the years and decades to come, it’s predicted we’ll see strong economic growth in regions such as Latin America and the Caribbean. That should further help boost spending.


Rising yield

Reason number two is that its falling share price has pushed up its dividend yield. Today, it sits at 3.4%.



On paper, a yield of that size may not seem like anything to write home about. However, there’s a caveat.

Diageo is a Dividend Aristocrat. It has been nearly four decades since the business hasn’t paid a dividend. At times during those 37 years, we’ve experienced plenty of turmoil in the stock market. So, its consistent payout is mighty impressive.

When it comes to dividends, some investors may feel like chasing the highest payout is the smartest way to make gains.

However, people who bought Vodafone for its meaty 11.1% would have found out this often isn’t sustainable. The telecommunications giant announced earlier this year its dividend will be slashed in half from next year.

Dividends are never guaranteed. So, at least with a track record like Diageo’s, I’m confident the business will keep prioritising shareholder returns in the years to come, despite the challenges it may face.
I’d buy

Don’t get me wrong, Diageo will be a slow burner. In the months ahead I expect further volatility and its share price may continue to put up an uninspiring performance.

But as an investor who focuses on the long term, that doesn’t bother me all too much. Despite tough trading conditions, I back Diageo to get back on its feet. If I had the cash, I’d snap up some shares today.
Posted at 30/7/2024 09:07 by natasonline
I'm buying more. One day this inflation story will disappear overnight and stocks like DGE will return to form. I'm happy to buy, hold and forget DGE with a 3% dividend.All fair value formulas suggest DGE has good upside. Great Entry level for long term investors.
Posted at 20/7/2024 08:03 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 17/5/2024 17:54 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.

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