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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Diageo plc (DGEAF) pays a $0.50 annual dividend, yielding 2.52% at $23.83/share. Next ex-dividend date 2026-10-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.52%
Annual Dividend: $0.50 per share
Payout Ratio: 108.2%
Ex-Dividend Date: 2026-10-15
Dividend Frequency: semi-annually
Sector: Consumer Defensive
Years of Dividend History: 19
Diageo plc dividend income comes from one of the world's largest alcoholic beverage companies, home to brands like Johnnie Walker, Guinness, and Casamigos. The current yield sits at 3.92%, with a trailing annual dividend rate of $0.8396 per share paid semi-annually. The next ex-dividend date is October 15, 2026, with the last payment of $0.2998 per share. A beta of 0.307 points to low price volatility, which suits income-focused investors who prioritize a smoother ride over capital gains.
Diageo plc pays out 105.4% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning DGEAF is currently paying out more than it earns on a reported basis, which is a direct pressure point for Diageo plc dividend safety. The company's global footprint across spirits, beer, and ready-to-drink categories spanning North America, Africa, and Asia Pacific provides broad revenue diversification, but a payout ratio above earnings leaves little room for earnings softness without forcing a dividend review.
Diageo plc dividend history shows a CAGR of 6.6% per year from 2010 to 2025. The per-share dividend grew from $0.3972 to $1.0288 over that period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 82.8% 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 | +2.7% | $0.95 (2022) | $1.03 (2025) |
| 5-Year | +2.5% | $0.91 (2020) | $1.03 (2025) |
| 10-Year | +0.5% | $0.98 (2015) | $1.03 (2025) |
Diageo plc fits income-focused investors who want exposure to a globally diversified spirits and beer business with a yield in the moderate (2–4%) range. At 3.92%, the current yield runs below the 5-year average of 4.61%, which means buyers today are accepting a lower starting income than the stock has historically offered. The 6.6% annual dividend growth rate over 15 years adds a meaningful inflation offset, but the payout ratio above 100% is the central trade-off: income comes with real sustainability pressure baked in. Three consecutive years of increases show recent commitment to the dividend, but that streak is short relative to the full history.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-15 | $0.3000 |
| 2026-04-17 | $0.2000 |
| 2025-10-17 | $0.6298 |
| 2025-02-28 | $0.3990 |
| 2024-08-30 | $0.6298 |
| 2024-02-29 | $0.4046 |
| 2023-08-24 | $0.6260 |
| 2023-03-02 | $0.3710 |
| 2022-08-25 | $0.5520 |
| 2022-02-24 | $0.3980 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5000 |
| 2025 | $1.0288 |
| 2024 | $1.0344 |
| 2023 | $0.9970 |
| 2022 | $0.9500 |
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