Unilever NV (UN) Increases Dividend to $0.45 Per Share

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.

COPYRIGHT VIOLATION NOTICE: “Unilever NV (UN) Increases Dividend to $0.45 Per Share” was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://transcriptdaily.com/2018/02/14/unilever-nv-un-increases-dividend-to-0-45-per-share.html.

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.

Dividend History for Unilever (NYSE:UN)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply