Unilever NV (NYSE:UN) Announces $0.35 Quarterly Dividend

Unilever NV (NYSE:UN) declared a quarterly dividend on Friday, July 21st, NASDAQ reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.352 per share on Wednesday, September 6th. This represents a $1.41 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, August 2nd.

Unilever NV has raised its dividend payment by an average of 0.2% annually over the last three years. Unilever NV has a payout ratio of 52.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Unilever NV to earn $3.02 per share next year, which means the company should continue to be able to cover its $1.41 annual dividend with an expected future payout ratio of 46.7%.

Unilever NV (UN) opened at 58.53 on Friday. Unilever NV has a 12-month low of $38.41 and a 12-month high of $59.05. The firm has a market cap of $164.62 billion, a P/E ratio of 24.52 and a beta of 0.90. The firm’s 50-day moving average is $57.32 and its 200 day moving average is $52.48.

Several brokerages have recently issued reports on UN. BidaskClub upgraded Unilever NV from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada cut Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. UBS AG restated a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. Finally, Zacks Investment Research upgraded Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.00.

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Unilever NV Company Profile

Unilever N.V. 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 NV (NYSE:UN)

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