Diageo: to buy back shares, raises dividend
(CercleFinance.com) - The world's biggest spirits group, Diageo, has decided to increase its payout to shareholders, after delivering a "strong" performance for the year ended 30 June.
The maker of Johnnie Walker whisky and Smirnoff vodka said on Thursday that it was raising its final dividend by 5%, bringing the full year dividend to 65.3 pence per share.
The UK-based company has also approved a share buyback programme to return up to 2 billion pounds to shareholders during the year ending 30 June 2019.
For the year ended 30 June 2018, reported net sales rose 0.9 per cent at 12.2 billion pounds and operating profit grew by 3.7% to 3.7 billion pounds, it said.
Organic net sales were up 5 per cent, with all regions contributing to the broad based growth, the group said.
Shares in Diageo were down 1.3 per cent to 2,811 pence.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The maker of Johnnie Walker whisky and Smirnoff vodka said on Thursday that it was raising its final dividend by 5%, bringing the full year dividend to 65.3 pence per share.
The UK-based company has also approved a share buyback programme to return up to 2 billion pounds to shareholders during the year ending 30 June 2019.
For the year ended 30 June 2018, reported net sales rose 0.9 per cent at 12.2 billion pounds and operating profit grew by 3.7% to 3.7 billion pounds, it said.
Organic net sales were up 5 per cent, with all regions contributing to the broad based growth, the group said.
Shares in Diageo were down 1.3 per cent to 2,811 pence.
Copyright (c) 2018 CercleFinance.com. All rights reserved.