Diageo Dividend Cut -5.9%: Halved Payout After Weak First Half
Diageo dividend cut, stock -5.9%: What does the halved payout and new dividend policy mean for valuation and investors?
Diageo plc, together with its subsidiaries, engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa. It offers beer, scotch, gin, vodka, rum, liqueur, raki, wine, Irish and Canadian whisky, US and Indian whisky, Chinese whisky, cachaça, tequila, brandy, and Chinese white spirit beverages. The company also provides ready-to-drink and non-alcoholic beverages. Its principal brands include Johnnie Walker, Don Julio, Guinness, Crown Royal, Smirnoff, Baileys, Captain Morgan, Casamigos, Shui Jing Fang, and McDowell's. The company was formerly…
Diageo dividend cut, stock -5.9%: What does the halved payout and new dividend policy mean for valuation and investors?