Diageo plc (DGE) Increases Dividend to GBX 22.60 Per Share
Diageo plc (LON:DGE) declared a dividend on Thursday, January 28th, MarketBeat reports. Stockholders of record on Thursday, February 25th will be given a dividend of GBX 22.60 ($0.32) per share on Thursday, April 7th. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, February 25th. The official announcement can be viewed at this link.
In other Diageo plc news, insider Humer,Franz B purchased 444 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of GBX 1,869 ($26.63) per share, with a total value of £8,298.36 ($11,822.71).
DGE has been the subject of a number of research analyst reports. Credit Suisse upped their price objective on shares of Diageo plc from GBX 1,750 ($24.93) to GBX 1,780 ($25.36) and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Shore Capital reissued a “hold” rating on shares of Diageo plc in a research report on Wednesday, October 7th. Kepler Capital Markets reissued a “hold” rating and set a GBX 1,790 ($25.50) target price on shares of Diageo plc in a research report on Wednesday, October 14th. Bryan Garnier & Cie reissued a “neutral” rating and set a GBX 1,870 ($26.64) target price on shares of Diageo plc in a research report on Thursday, October 1st. Finally, RBC Capital reissued an “outperform” rating and set a GBX 2,000 ($28.49) target price on shares of Diageo plc in a research report on Monday, October 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,964.81 ($27.99).
Diageo plc (LON:DGE) opened at 1841.50 on Friday. Diageo plc has a one year low of GBX 1,592.50 and a one year high of GBX 2,055.00. The stock’s 50 day moving average price is GBX 1,830.79 and its 200-day moving average price is GBX 1,823.63. The firm’s market capitalization is GBX 46.15 billion.
Diageo plc (LON:DGE) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. Diageo’s brands are also produced at plants owned and operated by third parties and joint ventures at a number of locations around the world. Its geographical segments are North America, Europe, Africa, Latin America and Caribbean, Asia Pacific and Corporate. It offers products under various brands, including Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, Guinness, Crown Royal, Yeni Raki, JeB, Buchanan’s, Bundaberg, Ypioca, Cacique, Windsor, Bell’s, JeB, Grand Old Parr, Shui Jing Fang, Ciroc and Bulleit Bourbon, among others.
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