Unilever NV (NYSE:UN) announced a quarterly dividend on Thursday, February 1st, Zacks reports. Investors of record on Friday, February 16th will be given a dividend of 0.445 per share on Wednesday, March 21st. This represents a $1.78 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, February 15th. This is an increase from Unilever’s previous quarterly dividend of $0.35.
Unilever has decreased its dividend by an average of 2.6% per year over the last three years. Unilever has a payout ratio of 61.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 58.5%.
Shares of Unilever (NYSE:UN) opened at $54.08 on Wednesday. Unilever has a 52 week low of $41.05 and a 52 week high of $61.62.
UN has been the topic of several research reports. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Investec raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. Finally, ABN Amro raised shares of Unilever from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $66.00.
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Unilever Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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