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.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a research note on Wednesday, December 12th. Societe Generale started coverage on shares of Unilever in a report on Tuesday, January 29th. They issued a “sell” rating for the company. UBS Group downgraded shares of Unilever from a “buy” rating to a “neutral” rating in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. downgraded shares of Unilever from a “neutral” rating to an “underweight” rating in a report on Sunday, December 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Unilever presently has a consensus rating of “Hold” and a consensus target price of $63.50.

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About Unilever

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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Dividend History for Unilever (NYSE:UN)

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