Unilever PLC (UL) to Distribute Quarterly Dividend of $0.52 on December 18th

Unilever PLC (NYSE:UL) declared a quarterly dividend on Thursday, February 12th. Investors of record on Friday, November 13th will be given a dividend of $0.5219 per share on Friday, December 18th. This represents a $2.09 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 13th. This is a 1.6% decrease from Unilever’s previous quarterly dividend of $0.5305.

Unilever has raised its dividend payment by an average of 0.2% per year over the last three years. Unilever has a dividend payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Unilever to earn $3.69 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 55.8%.

Unilever Stock Down 1.4%

Shares of UL traded down $0.95 during midday trading on Wednesday, reaching $65.52. The company had a trading volume of 507,811 shares, compared to its average volume of 4,049,029. Unilever has a 1-year low of $54.75 and a 1-year high of $74.97. The firm has a 50 day simple moving average of $63.56 and a 200-day simple moving average of $62.68.

About Unilever

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.