Diageo share price dips again as dividend cut aftershock hits early trade
Diageo shares dropped 1.6% to 1,609 pence in early London trading after CEO Dave Lewis cut the 2026 outlook and halved the interim dividend. Net sales for the six months to Dec. 31 fell 4% to $10.46 billion, with organic net sales down 2.8%. The interim dividend is set at 20 cents, going ex-dividend April 16. Investors await the next trading update on May 6.