Diageo (DGE)

[monabri]

I hate to say it but it is what appears in my bank that matters to me and translating USDollars to sterling will have the same effect whether it is done in the books of Diageo or externally.

I understand Diageo’s point though and wonder why Unilever does not do the same. Most emerging market currencies are linked to the US Dollar.

Dod

I'm taking the view that Sterling will, long term, deteriorate versus the US Dollar. On conversion, the dividend will translate favourably.

[idpickering]

Diageo to appoint Sir John Manzoni as Chair.

Diageo today announces that current non-executive director Sir John Manzoni will be appointed Chair of the Board on or around 5 February 2025 when current Chair Javier Ferrán retires from the Board.

https://www.investegate.co.uk/announcem ... ir/8094070

Ian (No holding).

[idpickering]

Sterling equivalent of Interim Dividend.

Further to the announcement on 30 January 2024 of an interim dividend of 40.50 US cents per ordinary share, today Diageo announces the Sterling equivalent of the dividend, amounting to 32.05 pence per ordinary share based on an exchange rate of US$1=£0.79136.

The US$:£ conversion rate was determined by the actual rates achieved by Diageo buying forward contracts for Sterling currency, during the three working days preceding this announcement, for delivery ahead of the dividend payment date.

The payment date of the dividend is 17 April 2024.

https://www.investegate.co.uk/announcem ... nd/8111158

Ian (No holding).