Unilever PLC Announces Quarterly Dividend of $0.46 (NYSE:UL)

Unilever PLC (NYSE:UL) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.4556 per share on Friday, June 7th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

Unilever has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Unilever Trading Up 0.6 %

Shares of NYSE:UL opened at $51.24 on Friday. Unilever has a 52-week low of $46.16 and a 52-week high of $55.99. The firm has a fifty day moving average of $49.11 and a 200 day moving average of $48.56.

Wall Street Analysts Forecast Growth

Several research firms have commented on UL. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.