Unilever plc (UL) to Issue Quarterly Dividend of $0.45 on March 21st

Unilever plc (NYSE:UL) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.4452 per share on Wednesday, March 21st. This represents a $1.78 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Thursday, February 15th. This is a boost from Unilever’s previous quarterly dividend of $0.42.

Unilever has increased its dividend by an average of 1.2% per year over the last three years and has increased its dividend every year for the last 2 years. Unilever has a dividend payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Unilever to earn $2.88 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 58.7%.

Shares of Unilever (NYSE UL) opened at $53.08 on Wednesday. Unilever has a 1 year low of $41.46 and a 1 year high of $60.13.

UL has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Thursday, October 19th. Argus initiated coverage on shares of Unilever in a research report on Friday, November 17th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.50.

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About Unilever

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.

Dividend History for Unilever (NYSE:UL)

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