How To Earn $1,000 Per Month From Diageo Stock
Portfolio Pulse from Shankar Iyer
Diageo plc (NYSE:DEO) closed at $142.85 on Dec. 15, with a 52-week range of $135.63 to $190.02. The company reported a 5% increase in dividends for the final quarter and fiscal year over the previous year and expects to declare an interim dividend for FY ending June 2024 in January. The annualized dividend is $3.08, yielding 2.7%. To earn $1,000 per month from dividends, an investment of approximately $444,444 is needed. Diageo has transitioned to reporting in U.S. dollars and will declare future dividends in USD. The stock price was $145.28 on Dec. 22.
January 17, 2024 | 5:44 pm
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POSITIVE IMPACT
Diageo's increased dividend and transition to reporting in USD may attract income-focused investors, potentially supporting the stock's price in the short term.
The increase in dividends and the transition to reporting in U.S. dollars are positive signals for investors, especially those seeking stable income. The change to USD reporting could also broaden the appeal to U.S. investors. These factors combined with the company's consistent dividend policy may lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100