Diageo’s targeting of premium spirits market pays off

Diageo’s targeting of premium spirits market pays off

The drinks company’s shares have broken records in the past fortnight, but even in leaner times it has paid its many Irish shareholders a consistent and growing dividend

There is probably no company with a primary listing on the London Stock Exchange that has as many Irish shareholders as the international drinks group Diageo.

The origin of the Irish holdings lies in the merger 22 years ago of Ireland’s Guinness with Grand Metropolitan, a then British-headquartered hotels and leisure group.

At that time, Guinness was a listed company in its own right, with a strong presence of Irish investors on its share register....

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