Diageo (DEO) Loses 15.6% on Dividend Cut

We recently published 10 Stocks Left Behind in a Roaring Market. Diageo plc (NYSE:DEO) was one of the worst performers on Wednesday. Diageo fell by 15.66 percent on Wednesday to close at $86.15 apiece, as investor sentiment was dented by its new chief executive’s dividend cut, as well as a weak outlook for 2026. In an updated report, Diageo plc (NYSE:DEO) said that it would pay a lower-than-usual dividend of 20 cents to its ordinary shareholders, an initiative which it said would help strengthen its bal ...