Diageo plc (DEO) To Go Ex-Dividend on October 16th

Diageo plc (NYSE:DEO) declared a dividend on Thursday, August 13th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.20 per share on Thursday, December 3rd. This represents a dividend yield of 252.0%. The ex-dividend date is Friday, October 16th.

Diageo has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Diageo to earn $7.15 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 32.4%.

Diageo Trading Up 1.9%

NYSE DEO opened at $90.38 on Wednesday. The company’s 50-day simple moving average is $89.54 and its 200 day simple moving average is $84.24. Diageo has a twelve month low of $72.45 and a twelve month high of $102.74. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.62.

Institutional Investors Weigh In On Diageo

Several large investors have recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in Diageo during the 1st quarter valued at about $37,225,000. Dimensional Fund Advisors LP grew its position in shares of Diageo by 53.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock worth $102,124,000 after buying an additional 477,999 shares during the period. BROOKFIELD Corp ON acquired a new stake in shares of Diageo during the 1st quarter worth approximately $22,274,000. Bank of America Corp DE grew its position in shares of Diageo by 3.7% during the 1st quarter. Bank of America Corp DE now owns 2,913,707 shares of the company’s stock worth $216,925,000 after buying an additional 103,531 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Diageo by 15.7% during the first quarter. Gabelli Funds LLC now owns 659,821 shares of the company’s stock worth $49,124,000 after buying an additional 89,771 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

About Diageo

Diageo plc is a global beverage alcohol company headquartered in London, England. The company produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages through a collection of internationally recognized brands.

Its portfolio includes Johnnie Walker, Crown Royal, Buchanan’s and Talisker whiskies; Smirnoff, Cîroc and Ketel One vodkas; Tanqueray and Gordon’s gins; Baileys liqueur; Don Julio and Casamigos tequila; Captain Morgan rum; and Guinness beer.