Unilever PLC (NYSE:UL) Plans Dividend Increase – $0.41 Per Share
Unilever PLC (NYSE:UL) announced a quarterly dividend on Friday, July 21st, NASDAQ reports. Stockholders of record on Friday, August 4th will be paid a dividend of 0.409 per share on Wednesday, September 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38.
Unilever PLC has decreased its dividend payment by an average of 0.1% per year over the last three years. Unilever PLC has a dividend payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Unilever PLC to earn $2.44 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 67.2%.
Shares of Unilever PLC (NYSE:UL) traded up 0.25% during mid-day trading on Friday, hitting $57.19. 584,024 shares of the stock were exchanged. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $57.73. The stock has a market cap of $160.85 billion, a price-to-earnings ratio of 23.96 and a beta of 0.88. The company has a 50-day moving average price of $56.15 and a 200-day moving average price of $51.79.
A number of equities analysts recently commented on UL shares. Royal Bank Of Canada cut Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Zacks Investment Research cut Unilever PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, UBS AG restated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Unilever PLC currently has a consensus rating of “Hold” and an average price target of $43.50.
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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.
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