Unilever PLC (UL) Declares Quarterly Dividend of $0.42
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.
ILLEGAL ACTIVITY WARNING: “Unilever PLC (UL) Declares Quarterly Dividend of $0.42” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/23/unilever-plc-ul-declares-quarterly-dividend-of-0-42.html.
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.
Receive News & Ratings for Unilever PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever PLC and related companies with MarketBeat.com's FREE daily email newsletter.