The latest announcement is out from Diageo ( (GB:DGE) ).
Diageo has announced the Sterling equivalent of its interim dividend, set at 31.48 pence per ordinary share, based on a conversion rate of US$1=£0.77728. This announcement follows the earlier declaration of a 40.50 US cents interim dividend per share, with the payment scheduled for 24 April 2025. The exchange rate was determined through forward contracts, reflecting Diageo’s strategic financial management.
Spark’s Take on GB:DGE Stock
According to Spark, TipRanks’ AI Analyst, GB:DGE is a Outperform.
Diageo’s overall stock score is driven by strong financial performance and attractive valuation, supported by a solid dividend yield. Despite these strengths, technical indicators suggest a bearish market trend, and earnings call uncertainties related to tariffs and increased leverage pose challenges. The executive’s share purchase signals confidence but is a secondary factor in the overall assessment.
To see Spark’s full report on GB:DGE stock, click here.
More about Diageo
Diageo is a global leader in the beverage alcohol industry, offering a diverse portfolio of brands in the spirits and beer categories, including Johnnie Walker, Smirnoff, and Guinness. The company’s products are available in nearly 180 countries, and it is listed on both the London and New York Stock Exchanges.
YTD Price Performance: -19.56%
Average Trading Volume: 6,657
Technical Sentiment Signal: Strong Buy
Current Market Cap: $56.38B
See more insights into DGE stock on TipRanks’ Stock Analysis page.