DEO - Diageo plc

NYSE - NYSE Delayed Price. Currency in USD
169.98
+1.99 (+1.18%)
At close: 4:02PM EDT
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Trade prices are not sourced from all markets
Previous Close167.99
Open170.29
Bid169.92 x 800
Ask175.74 x 900
Day's Range169.63 - 170.51
52 Week Range131.43 - 171.58
Volume212,602
Avg. Volume320,053
Market Cap103.251B
Beta (3Y Monthly)0.48
PE Ratio (TTM)26.54
EPS (TTM)6.40
Earnings DateN/A
Forward Dividend & Yield2.74 (1.62%)
Ex-Dividend Date2019-02-28
1y Target Est173.08
  • CNW Group2 days ago

    Trait Biosciences Names International Marketing Leader As CEO

    VANCOUVER, British Columbia , May 23, 2019 /CNW/ -- Trait Biosciences Inc., a rapidly growing leader in bio-technology focused on advancing the science of cannabinoid production within the Hemp & Cannabis industry, has appointed Peter J. McDonough , a proven global marketing leader, as its Chief Executive Officer. McDonough, who previously served on Trait's Board of Directors, takes the reins from Joseph del Moral, a cannabis industry veteran who successfully led the early formation of Trait. The Board's decision to change the company's leadership reflects Trait's expanding technology platforms and interest in leveraging McDonough's expertise in directing the science to support innovative CBD products within the rapidly evolving Hemp & Cannabis industry.

  • Financial Times2 days ago

    Diageo watching cannabis trend but no need to rush, says chief

    Diageo’s chief executive has said he is watching North America’s cannabis craze but will avoid rushing in to the market as the FTSE 100 drinks company could push sales and profits higher without turning away from alcohol. Speaking after he laid out new financial targets in New York this week, Ivan Menezes said the Smirnoff and Guinness maker would be able to deliver on his goals without “needing to find new avenues” for growth. Several of the world’s biggest consumer goods companies are making a push into cannabis-related products, as decriminalisation spreads across North America and makes weed a potential competitive threat to cigarettes and alcohol.

  • What Type Of Shareholder Owns Diageo plc's (LON:DGE)?
    Simply Wall St.2 days ago

    What Type Of Shareholder Owns Diageo plc's (LON:DGE)?

    Every investor in Diageo plc (LON:DGE) should be aware of the most powerful shareholder groups. Generally speaking, as...

  • 3 Brand-Name Food and Beverage Companies That Want In on the Marijuana Craze
    Motley Fool6 days ago

    3 Brand-Name Food and Beverage Companies That Want In on the Marijuana Craze

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  • New Regime Will Impact Aphria Stock
    InvestorPlace9 days ago

    New Regime Will Impact Aphria Stock

    No one who follows Aphria (NYSE:APHA stock should have been surprised that the company's president, Jakob Ripshtein, resigned on May 14. Ever since interim CEO Irwin Simon was appointed Independent Chair of Aphria's board in December, it was only a matter of time before Simon, the entrepreneurial founder and former CEO of Hain Celestial (NASDAQ:HAIN), would play a more prominent role at the Canadian cannabis company. Out With the OldSimon stepped down in June 2018 from his role as CEO of Hain after years of sub-standard shareholder returns and a hard-court press from activist investor Engaged Capital.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Simon owned 1.7% of Hain's stock, but Engaged has an 11.3% stake, so Engaged's founder, Glenn Welling, was appointed to Hain's board in September 2017. Simon remained the chairman of Hain, the same role he now holds at Aphria. At 60 and in reasonably good health, Simon probably isn't ready to devote his life to the golf course and retirement. The resignation of Ripshtein, after Vic Neufeld stepped down as APHA's CEO in January, is another part of the changing of the guard at Aphria. I expect the board to soon remove the interim tag from Simon's current title. The Irwin Simon era at APHA has begun. The New COORipshtein joined Aphria in May 2018 as its chief commercial officer and was promoted to president six months later, before Simon arrived on the scene. While Simon's words of thank to Ripshteins in the company's press release were complimentary, it's clear by Aphria's choice for COO that Simon wasn't comfortable working with Ripshtein, a former CFO of Diageo's (NYSE:DEO) North American operations and former president of the liquor company's Canadian operations. "On behalf of the Board of Directors and Aphria team, we thank Jakob for his contributions to the Company over the past year and wish him well in his future endeavors. He has been instrumental in assembling the incredible team we are fortunate to have today that will carry his responsibilities forward," Irwin stated in Aphria's May 14 press release.The new COO is Jim Meiers, who happens to have come to Aphria after 14 years at Hain Celestial, where he worked alongside Simon. At Hain, Meiers hed several senior executive positions, including president of Celestial Seasonings. Before Hain, he worked at both H.J. Heinz and Kraft Foods. Meiers' hiring suggests two things.First, it's likely Simon wanted someone he could trust to execute Aphria's game plan and someone who's familiar with his style of management. Every change at the top involves a little turnover. I'm sure it wasn't personal. Secondly, Meiers' background suggests that Simon is looking to implement a supply chain which is more appropriate for a food company rather than a medical company. Both, however, require significant oversight, making the appointment a sensible one and positive for Aphria stock. The Bottom Line on Aphria StockThe moves announced May 14 are simply part of the ongoing transformation of Aphria from Vic Neufeld's baby to Irwin Simon's. One of two things is going to happen in the coming months. Either Simon will be appointed the permanent CEO (likely) or Meiers will become the chief executive (less likely but still possible). Given the spotty performance of Hain stock over the past 15 years, I don't know if Simon's rise to power at APHA is, overall, a good thing or a bad thing for the owners of Aphria stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post New Regime Will Impact Aphria Stock appeared first on InvestorPlace.

  • PR Newswire10 days ago

    George Dickel Enters Bottled In Bond Category With 13-Year-Old Limited Release

    TULLAHOMA, Tenn., May 15, 2019 /PRNewswire/ -- In 1897, the federal government enacted The Bottled in Bond Act to help guarantee a spirit's authenticity and quality. Fast forward more than 120 years, Nicole Austin – General Manager and Distiller of Cascade Hollow Distilling Co. – is trying her hand at this special offering and reinforcing George Dickel's commitment to making unique, high quality whisky available at a great value with the release of George Dickel Bottled in Bond as her first innovation since joining the company in 2018. George Dickel Bottled in Bond Tennessee Whisky is a limited release, 13-year-old whisky that has already racked up a score of 95 (on a scale of 100) and earned the designation of "Best Buy" from Wine Enthusiast Magazine.

  • The Pool Float of Summer 2019 Has Arrived from Smirnoff Seltzer and FUNBOY
    PR Newswire11 days ago

    The Pool Float of Summer 2019 Has Arrived from Smirnoff Seltzer and FUNBOY

    NORWALK, Conn., May 14, 2019 /PRNewswire/ -- Get ready to soar into summer atop the most colorful new hydroplane pool float, custom designed by Smirnoff Seltzer, FUNBOY and Jason Woodside and sure to make this summer the most fun one yet. To celebrate Smirnoff Seltzer's portfolio, including brand new "Four Ways to Rosé" pack featuring Pink Apple Rosé, White Peach Rosé, Strawberry Rosé and Raspberry Rosé, the brand partnered with adult pool float company FUNBOY and acclaimed artist Jason Woodside to create a one-of-a-kind hydroplane speed boat pool float inspired by the delicious Smirnoff Seltzer flavors.

  • The Top 5 Beer Stocks of 2018
    Investopedia11 days ago

    The Top 5 Beer Stocks of 2018

    The top beer stocks have a market cap exceeding $2 billion and are trading on leading American stock exchanges. Here are the top beer stocks of 2018.

  • 10 ‘Buy-and-Hold’ Stocks to Own Forever
    InvestorPlace12 days ago

    10 ‘Buy-and-Hold’ Stocks to Own Forever

    [Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.General Motors (NYSE:GM) was a classic "widows and orphans" stock until last decade, when GM wound up going bankrupt. United States Steel (NYSE:X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way. * 7 Dividend Stocks to Buy as the Trade War Reignites Here are ten such retirement stocks to hold forever.Source: Shutterstock Bank of America (BAC)Dividend Yield: 2%It might seem strange to open the list with Bank of America (NYSE:BAC). After all, we're only a bit more than a decade on from the financial crisis. During that crisis, BofA acquisition Countrywide Financial blew up in spectacular fashion, after pioneering many of the risky tactics that led to the bubble and subsequent bust.But this is a different BofA.Net consumer charge-offs hit a decade-long low last year. Its performance on credit metrics is strong. Government regulations have been criticized as slowing growth -- but they've undoubtedly lowered risk as well, even if observers might argue that a better balance is needed.No less than Warren Buffett is now BofA's largest shareholder, through his Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B). And the Oracle of Omaha is fond of saying that his favorite holding period is "forever."That seems likely true for BAC stock as well.Source: Mustafa Khayat Via Flickr Diageo (DEO)Dividend Yield: 1.6%Change has come to the alcohol industry, with the number of breweries exploding worldwide and new distilleries popping up as well. The brands owned by Diageo (NYSE:DEO) are well-positioned to adapt to shifting tastes.Diageo owns classic brands like Johnnie Walker whisky, Tanqueray gin, Smirnoff vodka, and Harp and Guinness beer, among many others. What most have in common is a timeless quality and worldwide brand recognition. As a result, while beverage giants like Coca-Cola (NYSE:KO) and Anheuser Busch InBev (NYSE:BUD) have struggled with earnings growth, Diageo grew net income by 13.5% in fiscal 2018 and expects consistent growth going forward. * 7 Dividend Stocks to Buy as the Trade War Reignites Yet with a forward multiple of 25, and with a dividend yield approaching 2%, Diageo stock isn't all that dearly valued. Long-term investors would do well to own DEO and perhaps use the dividends to buy a bottle or two of fine whisky.Source: U.S. Embassy Kyiv Ukraine via Flickr (Modified) Medtronic (MDT)Dividend Yield: 2.3%In this day and age, the U.S. healthcare market in particular seems potentially volatile. Concerns about increased spending and political battles over the Affordable Care Act create more questions than answers.But even with that uncertainty, Medtronic (NYSE:MDT) isn't going anywhere. The company's devices are an integral part of modern medicine, ranging from pacemakers to stents to bone grafts to imaging systems.Even the risks involved in the sector look priced into MDT. Medtronic's days of double-digit annual growth may well be behind it, but it's not finished increasing earnings or dividends. MDT stock likely isn't finished rising, either.Source: Shutterstock NextEra Energy (NEE)Dividend Yield: 2.6%Utility stocks are among the most common safe, buy-and-hold stocks. NextEra Energy (NYSE:NEE) is now the largest electric utility in the U.S. by market capitalization. That might actually be the only problem with NEE stock.NextEra shares gained 10.5% year-to-date, and trades just off record highs. Potential valuation concerns aside, NextEra looks like a winner. It serves customers in the southern Florida region, still one of the nation's fastest-growing areas. A 21x forward P/E multiple is high for the space but not outlandishly so. And a 2.6% dividend yield provides income along the way. * 7 Dividend Stocks to Buy as the Trade War Reignites Investors looking for value in the space might look for a smaller play like cheaper Dominion Energy (NYSE:D). But it's usually worth paying for quality, and NextEra Energy looks like one of the best utility stocks out there.Source: Blue Genie via Flickr McCormick & CompanyDividend Yield: 1.7%McCormick & Company (NYSE:MKC) is another quality company whose valuation might spook some investors. But MKC stock very rarely is offered cheaply.The company's market leadership in spices and seasonings provides both an impressive moat and protection against economic downturns. MKC stock did dip after the company acquired French's mustard and Frank's RedHot sauce from Reckitt Benckiser (OTCMKTS:RBGLY) at a price that looked a bit high to many investors. But MKC has recovered those gains and then some.Top-line growth for McCormick likely isn't going to be explosive, but it will be steady. The same has been true of MKC stock, which has returned an average of 13% a year over the past decade, including dividends.With continuous cost-cutting initiatives, the contribution from the acquired brands and organic growth (and growth in organic products), MKC still should be able to provide double-digit annual returns going forward as well.Source: Shutterstock Allstate CorpDividend Yield: 2.1%Allstate Corp (NYSE:ALL) long has used the tagline, "You're in good hands," and it's true for Allstate investors as well. ALL stock has almost quadrupled from late-2011 lows. And there could be more upside to come.After all, Allstate isn't particularly expensive, trading at a 13.75 P/E. * 7 Dividend Stocks to Buy as the Trade War Reignites Once any short-term worries subside, ALL should resume its march upward.Source: Shutterstock International Flavors & Fragrances (IFF)Dividend Yield: 2.21%International Flavors & Fragrances (NYSE:IFF) is a company most consumers encounter every day without knowing it and many investors aren't exactly hip to it, either.As its name suggests, the company develops flavors & fragrances across 13 categories, including cosmetics, perfumes, beverages and sweet flavors. Sales and earnings have increased consistently and so has IFF's share price. At a 41.75 P/E, IFF does look a bit pricey. But, as with McCormick and other stocks on this list, investors should pay for quality.IFF's hidden, but key role, in so many industries, gives it a great deal of protection against both competition and macro factors. Acquisitions and a growing cosmetic additive business both provide room for growth.Consumers may not know IFF, but investors should.Source: Shutterstock Lamb WestonDividend Yield: 1.15%Lamb Weston (NYSE:LW) was spun off from Conagra Brands (NYSE:CAG) last year. Lamb Weston is the No. 1 potato producer in the United States. In fact, it manufactures the well-known fries at McDonald's (NYSE:MCD), among other restaurant chains.Lamb Weston also has a consumer business (including a small segment that manufactures frozen vegetables), while serving restaurants of all sizes. Health concerns might seem a long-term headwind against the business, but growth has been steady for years, and margins continue to improve.LW is targeting international markets for growth, as French fries have much more limited penetration, while international audiences generally are intrigued by Americanized products.Despite growth and leading market share, LW stock isn't particularly cheap, trading at about 19 times next year's earnings. The company did pick up a fair amount of debt in the CAG spinoff. But it's paying that debt down, which should lower interest expense and boost cash flow going forward. * 7 Stocks With Too Much Riding On China With many similar stocks trading at much higher multiples, LW seems to have room for upside. And international growth should offset any health-related concerns in the U.S., should they arise. America's love affair with French fries isn't going to suddenly end, and that should ensure years of stability for Lamb Weston at least.Source: Shutterstock Fortune Brands (FBHS)Dividend Yield: 1.67%Investors are commonly advised to diversify their portfolio. Fortune Brands Home & Security (NYSE:FBHS) has done just that. The company operates in four segments: Cabinets, Plumbing, Doors, and Security. Among its well-known brands are Moen in plumbing, and MasterLock in security.FBHS is more of a cyclical stock than most on this list, and the company no doubt has benefited from the steady, if slow, housing recovery in the U.S. But the company's products also generate relatively stable replacement demand, and a 1.67% dividend yield provides modest, but growing, income.Fortune Brands has been an impressive company since its founding and a solid stock since its 2011 IPO. There may be a bit more volatility here, but that's a worthwhile price to pay for long-term investors. There's enough value in Fortune Brands to ride out any market jitters.Source: Shutterstock Dividend Yield: 1.81%Republic Services (NYSE:RSG) is a bit smaller and likely a lot less well-known than rival Waste Management (NYSE:WM). But in this case, that's not necessarily a bad thing.Republic Services has outgrown its larger competitor in both sales and earnings over the past five years. RSG stock has modestly outperformed WM over the same period as well. Investors appear to believe that will continue, as Republic Services is valued a bit higher than Waste Management, at least based on forward earnings multiples.Both RSG and WM are solid long-term plays. Contracted revenue and steady demand should support both companies for years to come. There's room for further acquisitions in a relatively fragmented space. Republic Services gets the nod here due to slightly better growth and more room for margin improvement. * 7 Dividend Stocks to Buy as the Trade War Reignites But investors looking for safe, stable growth can't go wrong with either RSG or WM.As of this writing, Vince Martin was long MKC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post 10 'Buy-and-Hold' Stocks to Own Forever appeared first on InvestorPlace.

  • 18 Consumer Staples Stocks to Take the Edge Off Your Portfolio
    Kiplinger16 days ago

    18 Consumer Staples Stocks to Take the Edge Off Your Portfolio

    Consumer staples stocks have largely fallen off the radar in recent months. Investors have been much more focused on growth as corporate earnings have pleasantly surprised, the U.S.-China trade spat showed signs of hope and the Federal Reserve decided to keep interest rates steady.Naturally, these more defensive companies haven't been especially red-hot of late. Consumer staples stocks have lagged the marketwide bounce that took shape beginning in late December. But with many other sectors starting to feel the weight of unwieldy gains, and with China trade talks yet again hitting turbulence, the sector might be ready to heat up again.Steve Azoury, founder of financial planning firm Azoury Financial, says, "Consumer staples, the products that people use every day, will always be a big part of America's economy." "The trick," he adds, is identifying the companies that "will stay innovative and update their products and services to excite their customers, and thus the stock prices for investors."Here are 18 of the best consumer staples stocks to invest in at the moment. While some of these are blue-chip stocks that should ring a bell, others are lesser-known companies that serve as the backbone of brands you may be more familiar with. Almost all of them provide varying levels of dividend income. SEE ALSO: 57 Dividend Stocks You Can Count On

  • Should Diageo plc's (LON:DGE) Recent Earnings Decline Worry You?
    Simply Wall St.17 days ago

    Should Diageo plc's (LON:DGE) Recent Earnings Decline Worry You?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Understanding Diageo plc's (LON:DGE) performance as a company requires examining more than earnings f...

  • MGP Ingredients Gets Crushed With Revenue Miss
    GuruFocus.com18 days ago

    MGP Ingredients Gets Crushed With Revenue Miss

    Grain distributor and liquor distiller MGP Ingredients Inc. (MGPI) had a disappointing first quarter, missing sales by $2.15 million. The markets responded by driving the stock down from $87 on Tuesday to $65 today. Of that, there was an 8.3% increase in sales of what it calls "white goods," which is beverage alcohol.

  • 6 Safe Dividend Stocks to Buy Now
    InvestorPlace22 days ago

    6 Safe Dividend Stocks to Buy Now

    [Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Even with the China-U.S. trade war appearing to simmer down and the Fed pausing its interest-rate hikes, the stock market is still facing many steep risks. America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and the Chinese-U.S. trade war could easily flare up again.Add it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy in May, But Don't Go Away After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on growth as well. That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Source: Puamella via Flickr (Modified) Diageo (DEO)Dividend Yield: 2.08%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others.DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K., and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Source: Shutterstock Campbell Soup (CPB)Dividend Yield: 3.69%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 Stocks to Buy That Ought to Buy Back Shares Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup at all. Shares are down from $50 in 2017 to $38 now.That has attracted activist investors, who got a new CEO hired and are demanding more change. If shares stay down here, expect that a suitor will buy out the company at a nice premium. If not, enjoy the dividend. Source: Shutterstock PacWest Bancorp (PACW)Dividend Yield: 6%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a 6% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $5.1 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis; in fact its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 10.89 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.92%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.92%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually.NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 A-Rated Stocks That Are Under $10 The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Source: Desiree Kane via Flickr Southern Co (SO)Dividend Yield: 4.7%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Southern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4.7%.Its high yield is in large part, it seems, due to interest rates going up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Source: Mike Mozart via Flickr (Modified) Exxon Mobil (XOM)Dividend Yield: 4.5%Speaking of things people use in good times and bad, gasoline ranks pretty highly on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting in a high growth market. But at 16 times earnings and paying a slightly greater than 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.

  • Top Wine Stocks for 2019
    Investopedia25 days ago

    Top Wine Stocks for 2019

    As more wine companies go public and millennials replace aging generations, the market could see significant upside despite a lackluster 2018.

  • Innovative ideas and smart technology are transforming solar power, part one
    CNBC29 days ago

    Innovative ideas and smart technology are transforming solar power, part one

    These ideas and business models are changing the way people think about solar power.

  • Bulleit Celebrates 18th Annual Tribeca Film Festival With A Bulleit 3D Printed Frontier Lounge
    PR Newswirelast month

    Bulleit Celebrates 18th Annual Tribeca Film Festival With A Bulleit 3D Printed Frontier Lounge

    NEW YORK, April 23, 2019 /PRNewswire/ -- Bulleit will return to this year's Tribeca Film Festival, presented by AT&T, for the second year, bringing the brand's latest Frontier Works project -- The Bulleit 3D Printed Frontier Lounge -- to one of New York City's hottest cultural events. Film, technology, music, art and design will converge in the space to create an immersive and intimate 3D printed whiskey experience unlike anything anyone in the Big Apple has ever seen before.

  • Cascade Blonde American Whiskey™ Pledges to Make America's Waterways 100,000 Pounds Cleaner this Earth Day
    PR Newswirelast month

    Cascade Blonde American Whiskey™ Pledges to Make America's Waterways 100,000 Pounds Cleaner this Earth Day

    TULLAHOMA, Tenn., April 22, 2019 /PRNewswire/ -- Cascade Blonde, America's new favorite day-sippin' whiskey, is celebrating Earth Day by announcing its commitment to cleaning American waterways throughout the entire year. With the support of our friends at American Rivers, the leading river conservation organization in the nation, we've pledged to collect 100,000 pounds of waste from our waterways. Cascade Blonde will be kicking off this initiative at the Great Indy Cleanup in Indianapolis on Saturday, April 27.

  • Benzingalast month

    Beverage Stocks: Macquarie Bullish On Diageo, Pepsi, But Says Constellation's Asset Sale Was Underpriced

    It’s been a mixed bag for beverage investors in recent quarters, but one analyst reiterated coverage of three beverage names on Thursday and said there’s an excellent buying opportunity for selective investors. ...

  • It's Official! This Major Pot Stock Wants a Partner
    Motley Foollast month

    It's Official! This Major Pot Stock Wants a Partner

    Canada's only big Atlantic-based grower is seeking a cannabis-infused beverage development partner.

  • What You Must Know About Diageo plc's (LON:DGE) Financial Strength
    Simply Wall St.last month

    What You Must Know About Diageo plc's (LON:DGE) Financial Strength

    The size of Diageo plc (LON:DGE), a UK£74b large-cap, often attracts investors seeking a reliable investment in the stock market. Big corporations are much sought after by risk-averse investors who find diversified revenue streams...

  • Bill Nygren Buys Constellation, S&P Global, Sells 5 in 1st Quarter
    GuruFocus.comlast month

    Bill Nygren Buys Constellation, S&P Global, Sells 5 in 1st Quarter

    Bill Nygren (Trades, Portfolio), portfolio manager of the Oakmark Fund, started two positions and exited five in the first quarter, he said ahead of Securities and Exchange Commission deadlines for portfolio disclosure. Warning! GuruFocus has detected 3 Warning Sign with STZ. In a first-quarter letter released last week, Nygren discussed purchases of Constellation Brands (STZ) and S&P Global Inc. (SPGI).

  • CNBClast month

    Guinness brewer Diageo to scrap plastic packaging for its beer

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