DGEAF Dividend Yield 2026: Diageo plc

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Diageo plc (DGEAF) pays a $0.85 annual dividend, yielding 3.79% at $22.43/share. Next ex-dividend date 2026-10-15. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.79%

Annual Dividend: $0.85 per share

Payout Ratio: 105.4%

Ex-Dividend Date: 2026-10-15

Sector: Consumer Defensive

Years of Dividend History: 19

About Diageo plc Dividend

Diageo plc dividend investors are looking at one of the world's largest alcoholic beverage companies, home to brands like Johnnie Walker, Guinness, and Don Julio. The current yield sits at 3.79%, with a trailing annual dividend rate of $0.8479 per share. The next ex-dividend date is October 15, 2026. With a beta of 0.307, DGEAF stock moves far less than the broader market, which suits income-focused investors who prioritize low volatility over rapid price appreciation.

Dividend Safety

Diageo plc pays out 105.4% of earnings as dividends, a payout ratio classified as high (above 75%). A payout above 100% means the company is currently paying more in dividends than it earns, which raises real questions about Diageo plc dividend safety over time. The most significant pressure point is that there is no earnings cushion: any further earnings weakness leaves the dividend exposed without retained profits to absorb the gap.

Diageo plc (DGEAF) Dividend Growth Rate, CAGR, and History

Diageo plc dividend history shows a CAGR of 6.1% per year from 2011 to 2025. The per-share payment grew from $0.4489 to $1.0348 over that period (2026 is a partial year and excluded from this calculation). The history window contains at least one year-over-year decline exceeding 5%, which means growth has not been uninterrupted across the full period.

Diageo plc Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+3.2%	$0.94 (2022)	$1.03 (2025)
5-Year	+2.6%	$0.91 (2020)	$1.03 (2025)
10-Year	+1.7%	$0.88 (2015)	$1.03 (2025)

Is Diageo plc a Good Dividend Stock?

DGEAF stock fits income-focused investors who want exposure to a globally diversified alcoholic beverages business with a moderate yield. The current yield of 3.79% falls in the moderate (2-4%) range, and it sits below the 5-year average yield of 4.47%, meaning the stock is currently yielding less than its own historical norm. The payout ratio above 100% is the central trade-off: an investor gets a globally recognized brand portfolio and relatively low price volatility, but accepts a dividend that earnings do not currently cover in full.

Recent Diageo plc Dividend Payments

Payment Date	Amount per Share
2026-10-15	$0.3002
2026-04-17	$0.2000
2025-10-17	$0.6298
2025-02-28	$0.4050
2024-08-30	$0.6298
2024-02-29	$0.4050
2023-08-24	$0.6211
2023-03-02	$0.3685
2022-08-25	$0.5526
2022-02-24	$0.3898

Diageo plc Annual Dividend History

Year	Total Dividends
2026	$0.5002
2025	$1.0348
2024	$1.0348
2023	$0.9896
2022	$0.9424

Related Consumer Defensive Dividend Stocks

• WMT — Walmart Inc. (0.91% yield)
• COST — Costco Wholesale Corporation (0.60% yield)
• KO — The Coca-Cola Company (2.36% yield)
• PG — The Procter & Gamble Company (2.93% yield)
• PM — Philip Morris International Inc. (3.22% yield)
• NSRGY — Nestlé S.A. (3.96% yield)

Frequently Asked Questions

Does DGEAF pay dividends?

Yes, Diageo plc (DGEAF) pays a $0.85 annual dividend per share, yielding 3.79%.

What is Diageo plc's current dividend yield?

Diageo plc's current dividend yield is 3.79%. That sits below the stock's own 5-year average yield of 4.47%, meaning the current yield is on the lower end of its recent historical range.

Has Diageo plc ever cut its dividend?

The available dividend history shows at least one year-over-year decline exceeding 5% within the 2011-2025 window, including a drop from $0.8756 in 2015 to $0.7896 in 2016. The data covers 14 years, so no claim can be made about the full history beyond that window.

How fast has Diageo plc grown its dividend?

Diageo plc has grown its dividend at a compound annual growth rate (CAGR) of 6.1% per year from 2011 to 2025. Over that period, the annual payment rose from $0.4489 to $1.0348 per share.

Is Diageo plc dividend safe?

The payout ratio of 105.4% means Diageo plc is paying out more than it earns, which is a high (above 75%) classification and a meaningful risk factor. There is no earnings buffer currently supporting the dividend, which makes Diageo plc dividend safety a legitimate concern based on present data.

Is Diageo plc a good dividend stock for income investors?

DGEAF offers a 3.79% yield in the moderate (2-4%) range, backed by a globally recognized portfolio of spirits and beer brands. The payout ratio above 100% is the key concern: income-focused investors get a recognizable yield but accept above-average payout risk.

How does Diageo plc compare to its own historical yield?

The current yield of 3.79% is below Diageo plc's 5-year average yield of 4.47%. Income investors are currently receiving less yield than the stock has delivered on average over the past five years.

What type of investor is Diageo plc best suited for?

Diageo plc suits income-focused investors who prioritize low price volatility, reflected in a beta of 0.307, and can accept a payout ratio above 100% in exchange for exposure to a large international beverages business with 3 consecutive years of dividend increases.

Latest DGEAF News

• Diageo: A New Era Under 'Drastic Dave' Could Drive A Long-Term Re-Rating (NYSE:DEO) - Seeking Alpha — Seeking Alpha
• Why The Market Is Severely Underestimating Diageo (NYSE:DEO) - Seeking Alpha — Seeking Alpha
• UBS Remains a Hold on Diageo (DGEAF) - The Globe and Mail — The Globe and Mail

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