Diageo plc
DGEAFConsumer Defensive · Stock · semiannual payer
Forward Yield
3.93%
Annual Dividend
$0.84
Payout Ratio
95%
5-Yr Growth
-2.5%
Ex-Date
Apr 16, 2026
Frequency
Semiannual
Summary
As of July 2026, Diageo plc (DGEAF) yields 3.93% ($0.84 per share annually), with a blended fair-value estimate of $22.57 — +6% upside, so it screens as fairly valued. Dividend safety grade: D (43/100).
Is DGEAF a good dividend stock?
MixedDiageo plc (DGEAF) pays a semiannual dividend yielding 3.93% ($0.84/yr), with 0 years of growth and a dividend-safety grade of D. 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 (95%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 3.93%
- Payout Ratio
- 95%
- Annual Dividend
- $0.84
- 5-Yr Avg Growth
- -2.5%
- Ex-Dividend Date
- Apr 16, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.31
- Market Cap
- $47.5B
- P/E Ratio
- 19.8
- 5-Yr Total Return
- -55%
- 52-Week Range
- $17.85 – $29.74
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
DGEAF Price — Last 12 Months
Daily close
Price Return
1 Year
-25%
3 Years
-49%
5 Years
-55%
52-Week Range
$17.85 – $29.74
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DGEAF worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Diageo plc is $22.57 per share, versus a market price of $21.36. That implies the stock is roughly fairly priced.
Fair Value
$22.57
Current Price
$21.36
Gap
+6%
Margin of Safety
5%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 6.1% annual free-cash-flow growth. We model 6.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 6.9% stage-1 growth, 2.5% terminal growth, $1.08 EPS, $0.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DGEAF Dividend Safety Score
Risky
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 16, 2026 | — | $0.2000 | regular |
| Feb 27, 2025 | — | $0.3990 | regular |
| Aug 29, 2024 | — | $0.6300 | regular |
| Feb 29, 2024 | — | $0.4050 | regular |
| Aug 24, 2023 | — | $0.6260 | regular |
| Mar 2, 2023 | — | $0.3710 | regular |
| Aug 25, 2022 | — | $0.5520 | regular |
| Feb 24, 2022 | — | $0.3980 | regular |
| Aug 26, 2021 | — | $0.6140 | regular |
| Feb 25, 2021 | — | $0.3950 | regular |
| Aug 13, 2020 | — | $0.5540 | regular |
| Feb 27, 2020 | — | $0.3540 | regular |
| Aug 8, 2019 | — | $0.5160 | regular |
| Feb 28, 2019 | — | $0.3470 | regular |
Income Calculator
At $0.84 / yr per share
