SmarterDividends
DEO

Diageo plc

DEO

Consumer Defensive · Stock · semiannual payer

Forward Yield

4.20%

Annual Dividend

$3.32

Payout Ratio

96%

5-Yr Growth

2.6%

Ex-Date

Apr 17, 2026

Frequency

Semiannual

DEO Dividend Safety Score

52/ 100
Grade C

Borderline

Dividend-growth streak3 consecutive years of growth
Cut historyCut its dividend in 2022
Earnings payout coverage96% of earnings paid out
Balance-sheet strengthDebt/equity of 1.77
Yield vs its historyYield is 1.5× its 5-yr average — elevated

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is DEO a good dividend stock?

Mixed

Diageo plc (DEO) pays a semiannual dividend yielding 4.20% ($3.32/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (96%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    4.20%
    Payout Ratio
    96%
    Annual Dividend
    $3.32
    5-Yr Avg Growth
    2.6%
    Ex-Dividend Date
    Apr 17, 2026
    Years of Growth
    3
    Frequency
    semiannual
    Beta
    0.30
    Market Cap
    $43.9B
    P/E Ratio
    18.2
    5-Yr Total Return
    -58%
    52-Week Range
    $72.45 – $116.41
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2022)
    DEO ex-dividend date & scheduleNext ex-date Apr 17, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $3.32 / yr per share

    Per payment (semiannual)$166.00
    Annual$332.00
    Monthly avg$27.67