Just released: our 3 top income-focused stocks to buy before October [PREMIUM PICKS]

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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 produced 6.5% sales growth to £17.1bn in its latest fiscal year, despite weak volume performance, as the company passed through price increases. 
  • New CEO Debra Crew, who replaces the late Sir Ivan Menezes, is expected to continue to take â€œstrategic pricing actions”, reflecting Diageo’s brand strength and its reliance on high-income customers. 
  • Its performance reflects its outstanding portfolio, continued investment in brand-building, and its agile supply chain. 
  • Some 60% of net sales are estimated at being from the premium-plus segment â€“ such as Aviation American Gin and 21Seeds flavoured tequila – potentially providing some resilience to the macroeconomic environment. 
  • The company currently offers a trailing yield of 2.6%. 

“Best Buys Now” Pick #2:


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The post Just released: our 3 top income-focused stocks to buy before October [PREMIUM PICKS] appeared first on The Motley Fool UK.

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The Motley Fool UK has recommended Diageo Plc.