Unilever NV (UN) Increases Dividend to $0.44 Per Share
Unilever NV (NYSE:UN) announced a quarterly dividend on Thursday, January 31st, NASDAQ reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.442 per share on Wednesday, March 20th. This represents a $1.77 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from Unilever’s previous quarterly dividend of $0.42.
Unilever has raised its dividend payment by an average of 11.4% per year over the last three years. Unilever has a payout ratio of 66.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Unilever to earn $3.23 per share next year, which means the company should continue to be able to cover its $1.77 annual dividend with an expected future payout ratio of 54.8%.
Shares of NYSE:UN traded up $0.01 during midday trading on Friday, hitting $55.09. The company had a trading volume of 966,468 shares, compared to its average volume of 1,408,778. The firm has a market capitalization of $94.45 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.18 and a beta of 0.62. Unilever has a 12-month low of $51.56 and a 12-month high of $58.72.
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Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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