Unilever PLC (UL) To Go Ex-Dividend on August 7th

Unilever PLC (NYSE:UL) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, August 7th will be paid a dividend of 0.5305 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 7th.

Unilever has increased its dividend payment by an average of 0.2%per year over the last three years. Unilever has a payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Unilever to earn $3.72 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 56.5%.

Unilever Stock Performance

Shares of Unilever stock opened at $64.39 on Wednesday. Unilever has a 1 year low of $54.75 and a 1 year high of $74.97. The business has a 50 day moving average price of $60.23 and a 200 day moving average price of $62.31.

Hedge Funds Weigh In On Unilever

Large investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new stake in Unilever in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of Unilever during the 1st quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in shares of Unilever in the third quarter worth approximately $25,000. Bard Associates Inc. purchased a new stake in Unilever in the fourth quarter valued at approximately $27,000. Finally, Whipplewood Advisors LLC purchased a new stake in Unilever in the first quarter valued at approximately $29,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.