Unilever PLC (NYSE:UL) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Friday, November 3rd will be given a dividend of 0.4217 per share on Wednesday, December 13th. This represents a $1.69 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, November 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.41.

Unilever PLC has decreased its dividend by an average of 0.1% per year over the last three years. Unilever PLC has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Unilever PLC to earn $2.44 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 69.3%.

Unilever PLC (NYSE:UL) traded down 0.93% during midday trading on Monday, reaching $54.28. The company had a trading volume of 2,937,657 shares. The firm has a market capitalization of $152.66 billion, a price-to-earnings ratio of 22.26 and a beta of 0.88. The stock’s 50 day moving average is $58.23 and its 200 day moving average is $55.42. Unilever PLC has a 12-month low of $38.58 and a 12-month high of $60.13.

Several analysts have issued reports on UL shares. Zacks Investment Research upgraded Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Saturday, September 23rd. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Finally, UBS AG restated a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.50.

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About Unilever PLC

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Dividend History for Unilever PLC (NYSE:UL)

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