Unilever PLC Plans Quarterly Dividend of $0.55 (NYSE:UL)

Unilever PLC (NYSE:UL) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.5547 per share on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, February 27th.

Unilever has raised its dividend by an average of 0.0%per year over the last three years. Unilever has a dividend payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.34 annual dividend with an expected future payout ratio of 67.0%.

Unilever Trading Up 1.6%

Shares of Unilever stock traded up $1.19 on Friday, reaching $74.65. 7,033,742 shares of the stock were exchanged, compared to its average volume of 3,482,575. Unilever has a 1-year low of $61.11 and a 1-year high of $74.98. The business has a fifty day moving average price of $66.30 and a two-hundred day moving average price of $67.85.

Unilever (NYSE:UL) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The company had revenue of $11.87 billion for the quarter, compared to analysts’ expectations of $31.39 billion. As a group, equities research analysts anticipate that Unilever will post 3.27 earnings per share for the current year.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.