Diageo plc (DEO) To Go Ex-Dividend on October 17th

Diageo plc (NYSE:DEO) announced a semi-annual dividend on Friday, August 15th, Wall Street Journal reports. Investors of record on Friday, October 17th will be paid a dividend of 2.5192 per share on Thursday, December 4th. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a 55.5% increase from Diageo’s previous semi-annual dividend of $1.62.

Diageo has a payout ratio of 47.9% 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 $3.24 annual dividend with an expected future payout ratio of 47.6%.

Diageo Price Performance

DEO stock opened at $110.92 on Friday. The firm has a market cap of $61.71 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.34 and a beta of 0.53. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo has a 12-month low of $96.45 and a 12-month high of $142.73. The company’s fifty day simple moving average is $104.27 and its 200 day simple moving average is $107.89.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.