Unilever NV (NYSE:UN) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.4641 per share on Wednesday, June 5th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, May 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.44.
Unilever has increased its dividend payment by an average of 11.4% annually over the last three years. Unilever has a payout ratio of 66.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $3.15 per share next year, which means the company should continue to be able to cover its $1.77 annual dividend with an expected future payout ratio of 56.2%.
Shares of UN stock opened at $58.86 on Wednesday. Unilever has a 12 month low of $52.08 and a 12 month high of $59.33. The company has a market capitalization of $100.12 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 3.09 and a beta of 0.61.
Several equities analysts recently commented on UN shares. Societe Generale started coverage on Unilever in a research report on Tuesday, January 29th. They set a “sell” rating for the company. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Barclays started coverage on Unilever in a research report on Tuesday, April 9th. They set an “underweight” rating for the company. UBS Group downgraded Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. Finally, BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Unilever presently has an average rating of “Hold” and a consensus target price of $63.50.
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Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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