2Yr·

The world's largest spirits producer (by sales) and dividend aristocrat has now been paying an annually increasing dividend for 35 years and has a portfolio of over 150 brands that are virtually unmissable for drinking pleasure

How secure is the dividend?

The payout ratio of profit and FCF is 54% and 62%. Nothing is certain on the stock market, but these values in combination with 35 years of continuity strongly suggest that a (rising) dividend can be expected in the future.

Diageo in my portfolio:

Diageo is already since 2018 in my portfolio and free according to the motto booze is always one of my forever investments:

-Savings Plan 60€/Month

- Buy In: 40,73€

- Net dividends received: 84,67€

without any withholding tax as there is no such thing in U.K. :D

4 Comments

Felix R.@Cybershot94

2Yr

What do you mean without any withholding tax? That is settled where the domicile is. If I hold this in my custody account in DE, I have to pay capital gains tax anyway if I exceed the flat-rate amount in aggregate?

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Stefan L.@Salamistar

2Yr

@Cybershot94 Capital gains tax is of course already due in DE. However, the withholding tax in the U.K. is 0%. Thus, no taxes are due there. A counterexample: In France the withholding tax is 30% of which only 15% is credited to the German capital gains tax. The remainder would have to be recovered from the French tax authorities by means of a considerable hick-hack.

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dividend_doctor@dividend_doctor

2Yr

To the point @Salamistar 💪🏻

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Dominik@JackillHyde

2Yr

Nice value, if they should correct times, I would be very inclined to buy. Has been on the watchlist for some time

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