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Our monthly Ice Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios.
“Best Buys Now” Pick #1:
Diageo (LSE:DGE)
- While Diageo was formed in 1997, the history of many of its famous brands stretches back much further. Its six top brands were founded between 1759 and 1974 – showing strong staying power.
- Diageo has produced double-digit sales growth to £9.4bn in its first half, reflecting price increases to its sought-after brands.
- Its performance reflects its outstanding portfolio, continued investment in brand-building, and its agile supply chain.
- Over the medium term, it expects to grow organic net sales between 5-7%, with operating profit in the range of 6-9%.
- It has a stable track record of raising dividends for shareholders with a five-year CAGR of 3.9%. It currently offers a trailing yield of 2.1%.
