Unilever plc (NYSE:UL) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, February 15th. This is an increase from Unilever’s previous quarterly dividend of $0.42.
Unilever has raised its dividend payment by an average of 1.2% annually 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. Equities 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) traded down $0.27 during trading on Wednesday, hitting $52.12. The stock had a trading volume of 295,474 shares, compared to its average volume of 1,669,546. Unilever has a 12-month low of $46.00 and a 12-month high of $60.13.
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Unilever Company Profile
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.
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