Diageo Dividend

Dividend criteria checks 5/6

Diageo is a dividend paying company with a current yield of 3.12% that is well covered by earnings. Next payment date is on 17th October, 2024 with an ex-dividend date of 29th August, 2024.

Key information

3.1%

Dividend yield

60%

Payout ratio

Industry average yield3.0%
Next dividend pay date17 Oct 24
Ex dividend date29 Aug 24
Dividend per shareUK£0.806
Earnings per shareUK£1.74
Dividend yield forecast3.5%

Recent dividend updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: DGEL's dividends per share have been stable in the past 10 years.

Growing Dividend: DGEL's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Diageo Dividend Yield vs Market
How does DGEL dividend yield compare to the market?
SegmentDividend Yield
Company (DGEL)3.1%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)5.5%
Industry Average (Beverage)3.0%
Analyst forecast (DGEL) (up to 3 years)3.5%

Notable Dividend: DGEL's dividend (3.12%) is higher than the bottom 25% of dividend payers in the UK market (2.11%).

High Dividend: DGEL's dividend (3.12%) is low compared to the top 25% of dividend payers in the UK market (5.53%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59.7%), DGEL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (88.6%), DGEL's dividend payments are covered by cash flows.


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