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Diageo Preliminary Results posted on Company News.

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idpickering
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Diageo Preliminary Results posted on Company News.

#431117

Postby idpickering » July 29th, 2021, 8:36 am

Here; viewtopic.php?p=431116#p431116

The item states this re dividends;

Dividend

The group aims to increase the dividend each year and the decision in respect of the dividend is made with reference to dividend cover as well as current performance trends including sales and profit after tax together with cash generation. Diageo targets dividend cover (the ratio of basic earnings per share before exceptional items to dividend per share) within the range of 1.8-2.2 times. For the year ended 30 June 2021 dividend cover is 1.6 times. The recommended final dividend for the year ended 30 June 2021, to be put to the shareholders for approval at the Annual General Meeting is 44.59 pence, an increase of 5% on the prior year final dividend. This brings the full year dividend to 72.55 pence per share, an increase of 4% on the prior year. We will keep future returns of capital, including dividends, under review through year ending 30 June 2022 to ensure we allocate Diageo's capital in the best way to maximize value for the business and our stakeholders.

Subject to approval by shareholders, the final dividend will be paid to holders of ordinary shares and US ADRs on register as of 27 August 2021. The ex-dividend date both for the holders of the ordinary shares and for US ADR holders is 26 August 2021.The final dividend, once approved by shareholders, will be paid to shareholders on 7 October 2021 and payment to US ADR holders will be made on 13 October 2021. A dividend reinvestment plan is available to holders of ordinary shares in respect of the final dividend and the plan notice date is 16 September 2021.


Ian.

monabri
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Re: Diageo Preliminary Results posted on Company News.

#431120

Postby monabri » July 29th, 2021, 8:43 am

idpickering wrote:


Phew..with all these companies reporting this morning you deserve a drink...a cup of tea and a biccy. ;)

p.s.

A nice increase in dividend from DGE.

idpickering
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Re: Diageo Preliminary Results posted on Company News.

#431129

Postby idpickering » July 29th, 2021, 9:02 am

monabri wrote:
idpickering wrote:


Phew..with all these companies reporting this morning you deserve a drink...a cup of tea and a biccy. ;)

p.s.

A nice increase in dividend from DGE.


Thanks for that. As it is I don't drink tend to alcohol, and haven't for years. Nor tea for two years. It's coffee for me, and no biccie as I keep an eye on my figure. :lol:

As for DGE, I agree a nice increase in dividend. I've held DGE for years, but haven't got around to buying more as the price has steadily risen over that time. And for this board, the yield on offer didn't tempt me either.

Ian.

Dod101
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Re: Diageo Preliminary Results posted on Company News.

#431131

Postby Dod101 » July 29th, 2021, 9:08 am

idpickering wrote:
monabri wrote:
idpickering wrote:


Phew..with all these companies reporting this morning you deserve a drink...a cup of tea and a biccy. ;)

p.s.

A nice increase in dividend from DGE.


Thanks for that. As it is I don't drink tend to alcohol, and haven't for years. Nor tea for two years. It's coffee for me, and no biccie as I keep an eye on my figure. :lol:

Ian.


Tea might help and is less harmful than coffee but I wonder if there is a straw in the wind from their comment about dividend cover? Anyway the results look good and they seem to have recovered well from the travails of the increased taxes in the US and from Covid.

Things are looking up.

Dod

idpickering
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Re: Diageo Preliminary Results posted on Company News.

#431134

Postby idpickering » July 29th, 2021, 9:14 am

Dod101 wrote:
Tea might help and is less harmful than coffee but I wonder if there is a straw in the wind from their comment about dividend cover? Anyway the results look good and they seem to have recovered well from the travails of the increased taxes in the US and from Covid.

Things are looking up.

Dod


Fair points Dod.

Sorry all for my mixed up post above. I got my words wrong all around way the.

Ian.

tjh290633
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Re: Diageo Preliminary Results posted on Company News.

#431171

Postby tjh290633 » July 29th, 2021, 11:07 am

Dod101 wrote:I wonder if there is a straw in the wind from their comment about dividend cover? Anyway the results look good and they seem to have recovered well from the travails of the increased taxes in the US and from Covid.

Things are looking up.

Dod

I think the cover of 1.6 times is a reflection of the effects of Covid. Let's wait a year before panicking.

TJH

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Re: Diageo Preliminary Results posted on Company News.

#431207

Postby Dod101 » July 29th, 2021, 12:41 pm

tjh290633 wrote:
Dod101 wrote:I wonder if there is a straw in the wind from their comment about dividend cover? Anyway the results look good and they seem to have recovered well from the travails of the increased taxes in the US and from Covid.

Things are looking up.

Dod

I think the cover of 1.6 times is a reflection of the effects of Covid. Let's wait a year before panicking.

TJH


I do not panic

Dod

Arborbridge
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Re: Diageo Preliminary Results posted on Company News.

#431268

Postby Arborbridge » July 29th, 2021, 4:40 pm

Dod101 wrote:
tjh290633 wrote:
Dod101 wrote:I wonder if there is a straw in the wind from their comment about dividend cover? Anyway the results look good and they seem to have recovered well from the travails of the increased taxes in the US and from Covid.

Things are looking up.

Dod

I think the cover of 1.6 times is a reflection of the effects of Covid. Let's wait a year before panicking.

TJH


I do not panic

Dod


But you did sell SSE then bought it back again :lol: (sorry, I couldn't resist)

Dod101
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Re: Diageo Preliminary Results posted on Company News.

#431276

Postby Dod101 » July 29th, 2021, 5:11 pm

Arborbridge wrote:
Dod101 wrote:
tjh290633 wrote:I think the cover of 1.6 times is a reflection of the effects of Covid. Let's wait a year before panicking.

TJH


I do not panic

Dod


But you did sell SSE then bought it back again :lol: (sorry, I couldn't resist)


Yes. Well we all live and learn. But I did not sell in a panic. They changed tack after I sold (not suggesting that there is any connection though) and are now much more into renewables and selling off peripherals.

Dod


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