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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Diageo plc (DEO) pays a $3.39 annual dividend, yielding 3.79% at $89.19/share. Next ex-dividend date 2026-10-16. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.79%
Annual Dividend: $3.39 per share
Payout Ratio: 105.4%
Ex-Dividend Date: 2026-10-16
Sector: Consumer Defensive
Years of Dividend History: 34
Diageo plc dividend income comes from one of the world's largest alcoholic beverage companies, home to brands like Johnnie Walker, Guinness, and Don Julio. DEO currently pays $3.39 per share annually, translating to a yield of 3.79%. The next ex-dividend date is October 16, 2026, with the most recent payment of $1.20 per share. With a beta of 0.307, DEO stock moves far less than the broader market, which suits income-focused investors who prioritize price stability over growth.
Diageo plc pays out 105.4% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the current dividend is not fully covered by reported earnings, which raises a direct question about Diageo plc dividend safety. The company's global portfolio of spirits, beer, and ready-to-drink products spans North America, Europe, Africa, and Asia Pacific, providing broad geographic demand, but a payout ratio above earnings leaves little buffer if profits decline.
Diageo plc dividend history shows a CAGR of 3.4% per year from 2011 to 2025. The per-share payment grew from $2.58 to $4.14 over that period (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 15.3% in 2014, though the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.5% | $3.84 (2022) | $4.14 (2025) |
| 5-Year | +2.6% | $3.63 (2020) | $4.14 (2025) |
| 10-Year | +1.9% | $3.44 (2015) | $4.14 (2025) |
DEO fits income-focused investors who want exposure to a global beverages business with a moderate (2-4%) yield and low price volatility. At 3.79%, the current yield sits below the 5-year average of 4.5%, so buyers today are getting less income than the historical norm. The 3-year streak of consecutive increases is short, and a payout ratio above 100% means earnings growth would need to recover to put the dividend on firmer footing. What an investor gets here is a low-beta income stream backed by globally recognized brands; what they accept is a payout that currently exceeds earnings and a yield below its own recent average.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-16 | $1.2000 |
| 2026-04-17 | $0.8000 |
| 2025-10-17 | $2.5192 |
| 2025-02-28 | $1.6200 |
| 2024-08-30 | $2.5192 |
| 2024-02-29 | $1.6200 |
| 2023-08-24 | $2.3928 |
| 2023-03-02 | $1.5422 |
| 2022-08-25 | $2.2775 |
| 2022-02-24 | $1.5610 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.0000 |
| 2025 | $4.1392 |
| 2024 | $4.1392 |
| 2023 | $3.9350 |
| 2022 | $3.8385 |
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