Unilever NV (NYSE:UN) announced a quarterly dividend on Friday, October 19th, Wall Street Journal reports. Investors of record on Friday, November 2nd will be given a dividend of 0.4487 per share on Wednesday, December 5th. This represents a $1.79 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, November 1st.
Unilever has decreased its dividend by an average of 2.6% annually over the last three years. Unilever has a dividend payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $2.77 per share next year, which means the company should continue to be able to cover its $1.81 annual dividend with an expected future payout ratio of 65.3%.
NYSE UN traded up $1.91 on Friday, reaching $54.61. The company’s stock had a trading volume of 3,182,891 shares, compared to its average volume of 1,357,309. The stock has a market cap of $92.10 billion, a P/E ratio of 21.58, a PEG ratio of 3.33 and a beta of 0.83. Unilever has a 52 week low of $51.56 and a 52 week high of $58.76.
A number of equities analysts have commented on UN shares. Argus boosted their price target on shares of Unilever to $65.00 and gave the company an “average” rating in a research report on Tuesday, August 21st. Zacks Investment Research restated a “hold” rating on shares of Unilever in a research report on Saturday, June 30th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Deutsche Bank restated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. Finally, Jefferies Financial Group lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $65.00.
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
Further Reading: Dividend Stocks – Are They Right For You?
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.