Diageo plc (LON:DGE) Plans Dividend of GBX 20.75

Diageo plc (LON:DGE) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 20th will be paid a dividend of GBX 20.75 ($0.27) per share on Thursday, March 27th. This represents a dividend yield of 3.66%. The ex-dividend date is Thursday, March 20th. This is a 3,194.7% increase from Diageo’s previous dividend of $0.63. The official announcement can be accessed at this link.

Diageo Stock Performance

Shares of Diageo stock traded down GBX 2 ($0.03) during trading on Tuesday, hitting GBX 2,078.50 ($27.02). 2,147,000,000 shares of the stock traded hands, compared to its average volume of 43,667,500. The company has a market capitalization of £46.14 billion, a PE ratio of 11.64, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.94, a quick ratio of 0.62 and a debt-to-equity ratio of 234.57. Diageo has a twelve month low of GBX 2,050 ($26.65) and a twelve month high of GBX 2,955.50 ($38.42). The business’s fifty day moving average is GBX 2,273.98.

Analysts Set New Price Targets

DGE has been the subject of several research reports. UBS Group upgraded Diageo to a “buy” rating and lifted their price target for the company from GBX 2,300 ($29.90) to GBX 2,920 ($37.96) in a report on Thursday, December 12th. Jefferies Financial Group upgraded Diageo to a “buy” rating and set a GBX 2,800 ($36.40) price target for the company in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,500 ($32.50) price target on shares of Diageo in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold” and an average target price of GBX 2,876.67 ($37.40).

Insiders Place Their Bets

In related news, insider Nik Jhangiani sold 65,676 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($28.15), for a total transaction of £1,421,885.40 ($1,848,524.96). Insiders bought a total of 19 shares of company stock valued at $43,455 in the last quarter. Insiders own 0.11% of the company’s stock.

Diageo Company Profile

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