Diageo plc (DGE) To Go Ex-Dividend on March 20th

Diageo plc (LON:DGE) declared a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Investors 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 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 viewed at this link.

Diageo Stock Down 0.1 %

DGE stock traded down GBX 2 ($0.03) during mid-day trading on Tuesday, reaching GBX 2,078.50 ($27.02). The company had a trading volume of 2,147,000,000 shares, compared to its average volume of 43,667,500. The company has a quick ratio of 0.62, a current ratio of 1.94 and a debt-to-equity ratio of 234.57. The firm 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. Diageo has a one year low of GBX 2,050 ($26.65) and a one year high of GBX 2,955.50 ($38.42). The business has a 50-day moving average price of GBX 2,273.98.

Wall Street Analysts Forecast Growth

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

Insider Activity at Diageo

In related news, insider Nik Jhangiani sold 65,676 shares of Diageo 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 have purchased a total of 19 shares of company stock worth $43,455 over the last ninety days. 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.