Unilever PLC (NYSE:UL) to Issue $0.46 Quarterly Dividend

Unilever PLC (NYSE:UL) announced a quarterly dividend on Friday, April 26th, 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 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 Stock Performance

Shares of UL stock traded up $0.32 during trading hours on Friday, reaching $51.24. The company had a trading volume of 4,277,819 shares, compared to its average volume of 2,889,292. The business has a fifty day moving average price of $49.10 and a 200-day moving average price of $48.53. Unilever has a one year low of $46.16 and a one year high of $55.99.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

About Unilever

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.