Diageo plc (LON:DGE) Declares 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 given 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 of this dividend is Thursday, March 20th. This is a 3,194.7% increase from Diageo’s previous dividend of $0.63. The official announcement can be seen at this link.

Diageo Trading Down 0.1 %

DGE stock traded down GBX 2 ($0.03) during midday trading on Tuesday, hitting GBX 2,078.50 ($27.02). The stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 43,667,500. The firm has a market capitalization of £46.14 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Diageo has a 52 week low of GBX 2,050 ($26.65) and a 52 week high of GBX 2,955.50 ($38.42). The stock’s 50-day simple moving average is GBX 2,273.98. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group raised Diageo to a “buy” rating and set a GBX 2,800 ($36.40) target price for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,500 ($32.50) target price on shares of Diageo in a research report on Tuesday, January 7th. Finally, UBS Group upgraded Diageo to a “buy” rating and increased their price objective for the stock from GBX 2,300 ($29.90) to GBX 2,920 ($37.96) in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 2,876.67 ($37.40).

Insiders Place Their Bets

In other news, insider Nik Jhangiani sold 65,676 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of GBX 2,165 ($28.15), for a total value of £1,421,885.40 ($1,848,524.96). Insiders purchased 19 shares of company stock worth $43,455 over the last three months. 0.11% of the stock is currently owned by corporate insiders.

About Diageo

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.