SmarterDividends
DEO

Diageo (DEO) Dividend

Diageo plc · Consumer Defensive · Beverages - Wineries & Distilleries · semiannual payer

$100.60

Overvalued · -19% Add to Portfolio

As of Nov 5, 2026, Diageo (DEO) pays a twice-yearly dividend, or $2.00 a year, a 2.05% yield at its $100.60 share price. It pays twice a year, usually in June and December. It has a dividend safety grade of C.

Forward Yield

2.05%

Annual Dividend

$2.00

Payout Ratio

107%

5-Yr Growth

2.6%

Ex-Date

Oct 16, 2026

Frequency

Semiannual

Key facts about DEO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Diageo plc (DEO) has a forward dividend yield of 2.05%, based on an annual dividend of $2.00 per share and a share price of $100.60.
  • As of Nov 5, 2026, DEO's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
  • DEO last cut its regular dividend in 2022.
  • DEO's most recent ex-dividend date was Oct 16, 2026, for a dividend of $1.20 per share.
  • As of Nov 5, 2026, DEO pays out 107% of its trailing 12-month earnings as dividends (its payout ratio).
  • DEO's dividend has grown at an average rate of 2.6% a year over the past five years.
  • As of Nov 5, 2026, DEO's 2.05% yield is 26% below its five-year average yield of 2.75%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for DEO is $80.99 per share, 19% below the $100.60 share price, so DEO screens as overvalued.
  • Diageo plc (DEO) pays its dividend semiannual, 2 times a year.
Cite this page

SmarterDividends, "DEO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/DEO

Is DEO a good dividend stock?

Mixed

Diageo plc (DEO) pays a semiannual dividend yielding 2.05% ($2.00/yr), with 0 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 (107%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    2.05%
    Payout Ratio
    107%
    Annual Dividend
    $2.00
    5-Yr Avg Growth
    2.6%
    Ex-Dividend Date
    Oct 16, 2026
    Years of Growth
    0
    Frequency
    semiannual
    Beta
    0.38
    Market Cap
    $55.9B
    P/E Ratio
    32.2
    5-Yr Total Return
    -54%
    52-Week Range
    $72.45 – $102.74
    Dividend Safety
    C · 53/100
    Ever Cut?
    Yes (2022)

    DEO dividend changes

    Diageo plc (DEO) pays a variable dividend: across the 66 payments on record since 1991, 28 were higher than the one before and 16 lower. The latest change was down 25.9% to $1.20 per share, going ex-dividend on Oct 16, 2026.

    Ex-dateChangeOld → newMove
    Oct 16, 2026Lower$1.62 → $1.20−25.9%
    Apr 17, 2026Lower$1.62 → $0.800−50.6%
    Feb 28, 2025Higher$1.53 → $1.62+6.0%
    Feb 29, 2024Lower$2.28 → $1.62−28.9%
    Mar 2, 2023Lower$1.57 → $1.53−2.7%
    Aug 25, 2022Higher$1.54 → $2.28+48.4%
    Feb 24, 2022Lower$2.21 → $1.57−28.8%
    Feb 25, 2021Higher$1.44 → $1.54+6.9%
    Aug 13, 2020Higher$1.37 → $2.21+61.3%
    Feb 27, 2020Higher$1.42 → $1.44+0.9%
    Feb 28, 2019Higher$1.19 → $1.37+14.8%
    Feb 22, 2018Lower$1.93 → $1.42−26.1%
    Every DEO payment →Download every raise and cut (CSV)
    DEO ex-dividend date & scheduleNext ex-date Oct 16, 2026 · full ex-dividend historyView →DEO dividend historyEvery payment, totals by year, raises and cutsView →DEO dividend calculator100 shares pay $200.00 a year, $100.00 every six monthsCalculate →DEO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is DEO a good dividend stock?

    Mixed. Diageo plc (DEO) pays a semiannual dividend yielding 2.05% ($2.00/yr), with 0 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.

    Is DEO undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DEO's fair value is about $80.99 versus a $100.60 share price — so it looks overvalued (-19% vs. fair value).

    Is DEO's dividend safe?

    DEO has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is DEO's fair value?

    Our blended fair-value estimate for DEO is about $80.99 per share, about 19% below the current $100.60 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is DEO a buy, hold, or sell?

    We don't issue formal ratings, but on the data DEO screens as "mixed" and overvalued. Diageo plc (DEO) pays a semiannual dividend yielding 2.05% ($2.00/yr), with 0 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. This is research for your own analysis, not investment advice.

    Will DEO cut its dividend?

    DEO earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does DEO pay a dividend?

    Yes. Diageo plc pays a semiannual dividend of about $2.00 per share annually, a forward yield of roughly 2.05%.

    How much dividend does 100 shares of DEO pay?

    At $2.00 per share a year, 100 shares of DEO pay $200.00 a year in dividends before tax, about $100.00 every six months. Buying them costs about $10,060 at the Nov 5, 2026 price.

    What is DEO's dividend yield?

    As of Nov 5, 2026, DEO's forward dividend yield is 2.05%, based on a $2.00 annual dividend and a $100.60 share price.

    What is DEO's dividend per share?

    As of Nov 5, 2026, DEO pays $2.00 per share per year, distributed on a semiannual basis.

    What is DEO's dividend payout ratio?

    As of Nov 5, 2026, DEO's payout ratio is 107% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has DEO grown its dividend?

    DEO does not currently have a long dividend-growth streak on record.

    When is the next DEO ex-dividend date?

    As of Nov 5, 2026, DEO's next ex-dividend date hasn't been announced. The most recent was Oct 16, 2026, for $1.20 per share.

    Income Calculator

    At $2.00 / yr per share

    Per payment (semiannual)$100.00
    Annual$200.00
    Monthly avg$16.67
    Full DEO dividend calculator →

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