By John Smith • 09 April 2020 • 17:29
THERE’S money in the black stuff but that’s not just oil as owners of Guinness, Diageo have decided to buck the trend by paying a good dividend to their shareholders.
This goes very much against the grain of other large organisations which have cancelled or postponed theirs but Diageo are paying 27.41p per share held with payments made in UK and USA during April.
More than 50 per cent of Guinness sales are made in pubs and bars but whilst that revenue is lost, there has been an increase in sales through stores and supermarkets.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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