Unilever PLC Declares Quarterly Dividend of $0.45 (NYSE:UL)

Unilever PLC (NYSE:ULGet Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Stockholders of record on Friday, May 20th will be given a dividend of 0.451 per share on Thursday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, May 19th.

Unilever has a dividend payout ratio of 66.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.95 annual dividend with an expected future payout ratio of 63.9%.

NYSE UL opened at $46.26 on Friday. Unilever has a 1-year low of $43.11 and a 1-year high of $61.81. The stock has a 50-day moving average of $45.98 and a 200-day moving average of $50.24.

Hedge funds have recently bought and sold shares of the business. Keudell Morrison Wealth Management grew its holdings in shares of Unilever by 8.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 13,866 shares of the company’s stock worth $752,000 after acquiring an additional 1,098 shares during the period. OLD Mission Capital LLC grew its stake in shares of Unilever by 59.9% in the 3rd quarter. OLD Mission Capital LLC now owns 27,043 shares of the company’s stock worth $1,668,000 after buying an additional 10,133 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Unilever in the 4th quarter worth approximately $625,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Unilever in the 4th quarter worth approximately $576,000. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Unilever in the 4th quarter worth approximately $528,000. Hedge funds and other institutional investors own 16.83% of the company’s stock.

A number of research firms have recently weighed in on UL. Sanford C. Bernstein raised Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, March 14th. StockNews.com began coverage on Unilever in a research report on Thursday, March 31st. They set a “buy” rating for the company. Royal Bank of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 15th. The Goldman Sachs Group began coverage on Unilever in a research report on Friday, February 25th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.51.

Unilever Company Profile (Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

Further Reading

Dividend History for Unilever (NYSE:UL)

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