Unilever N.V. (UL) to Issue Quarterly Dividend of $0.44 on March 20th

Unilever N.V. (NYSE:UL) declared a quarterly dividend on Thursday, January 31st, NASDAQ reports. Investors of record on Friday, February 15th will be given a dividend of 0.442 per share on Wednesday, March 20th. This represents a $1.77 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, February 14th. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Unilever has increased its dividend by an average of 11.7% annually over the last three years and has raised its dividend every year for the last 3 years. Unilever has a payout ratio of 61.4% meaning its dividend is sufficiently covered by earnings.

UL opened at $54.88 on Wednesday. Unilever has a one year low of $50.74 and a one year high of $58.07. The company has a market capitalization of $63.50 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.64.

A number of analysts have recently weighed in on UL shares. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. JPMorgan Chase & Co. reissued a “sell” rating on shares of Unilever in a report on Wednesday, January 30th. Finally, UBS Group lowered Unilever from a “buy” rating to a “neutral” rating in a report on Tuesday, January 8th.

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About Unilever

Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.

See Also: Discount Rate

Dividend History for Unilever (NYSE:UL)

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