Unilever PLC Declares Quarterly Dividend of $0.47 (NYSE:UL)

Unilever PLC (NYSE:UL - Get Free Report) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.4674 per share on Friday, March 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, February 28th.

Unilever has decreased its dividend by an average of 2.8% annually over the last three years. Unilever has a dividend payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Unilever to earn $3.27 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 58.1%.

Unilever Stock Down 0.3 %

Unilever stock traded down $0.14 on Tuesday, reaching $54.75. 1,086,828 shares of the stock were exchanged, compared to its average volume of 2,580,001. Unilever has a twelve month low of $46.46 and a twelve month high of $65.87. The firm has a fifty day moving average price of $57.05 and a two-hundred day moving average price of $60.24.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Royal Bank of Canada cut Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Unilever has a consensus rating of "Hold" and a consensus target price of $61.75.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.