Unilever plc (UL) Declares Quarterly Dividend of $0.45

Unilever plc (NYSE:UL) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.4452 per share on Wednesday, March 21st. This represents a $1.78 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.42.

Unilever has increased its dividend by an average of 1.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Unilever has a payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unilever to earn $2.88 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 58.7%.

Unilever (NYSE UL) traded down $2.83 during trading hours on Monday, hitting $53.92. The stock had a trading volume of 2,239,636 shares, compared to its average volume of 1,530,000. The firm has a market cap of $161,920.00, a PE ratio of 20.12, a P/E/G ratio of 2.51 and a beta of 0.86. Unilever has a twelve month low of $41.06 and a twelve month high of $60.13.

Several research analysts have recently issued reports on UL shares. Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, December 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Argus started coverage on Unilever in a research report on Friday, November 17th. They set a “hold” rating for the company. Finally, Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Unilever has an average rating of “Hold” and an average price target of $44.50.

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About Unilever

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 (NYSE:UL)

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