Diageo plc (DGE) Announces Dividend Increase – GBX 38.50 Per Share
Diageo plc (LON:DGE) announced a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be paid a dividend of GBX 38.50 ($0.50) per share on Thursday, October 5th. This represents a dividend yield of 1.6%. The ex-dividend date is Thursday, August 10th. This is a positive change from Diageo plc’s previous dividend of $23.70. The official announcement can be accessed at this link.
Shares of Diageo plc (DGE) traded up 5.98% during mid-day trading on Thursday, hitting GBX 2408.50. The company had a trading volume of 9,336,172 shares. Diageo plc has a 52-week low of GBX 1,946.00 and a 52-week high of GBX 2,458.00. The firm has a 50-day moving average price of GBX 2,304.57 and a 200 day moving average price of GBX 2,275.10. The firm’s market capitalization is GBX 60.48 billion.
In other Diageo plc news, insider Philip G. Scott sold 8,000 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of GBX 2,283 ($29.74), for a total transaction of £182,640 ($237,936.43). Also, insider Kathryn Mikells sold 20,664 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of GBX 2,291 ($29.85), for a total transaction of £473,412.24 ($616,743.41). Insiders bought 24 shares of company stock valued at $54,967 in the last three months.
Several analysts recently weighed in on DGE shares. Liberum Capital reiterated a “sell” rating and issued a GBX 2,000 ($26.06) target price on shares of Diageo plc in a report on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) set a GBX 2,100 ($27.36) target price on shares of Diageo plc and gave the company a “sell” rating in a report on Friday, March 31st. Barclays PLC reiterated an “equal weight” rating and issued a GBX 2,300 ($29.96) target price on shares of Diageo plc in a report on Friday, March 31st. Credit Suisse Group lifted their target price on shares of Diageo plc from GBX 2,430 ($31.66) to GBX 2,500 ($32.57) and gave the company an “outperform” rating in a report on Thursday, April 6th. Finally, Morgan Stanley set a GBX 2,500 ($32.57) price target on shares of Diageo plc and gave the company a “buy” rating in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 2,452.18 ($31.95).
Diageo plc Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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