Unilever PLC (NYSE:UL) Plans $0.46 Quarterly Dividend

Unilever PLC (NYSE:UL) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.4556 per share on Friday, June 7th. This represents a $1.82 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

Unilever has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Unilever Stock Performance

NYSE:UL opened at $51.24 on Friday. The stock’s fifty day simple moving average is $49.11 and its 200-day simple moving average is $48.56. Unilever has a 12-month low of $46.16 and a 12-month high of $55.99.

Wall Street Analyst Weigh In

UL has been the subject of a number of research reports. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Three research 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. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Company Profile

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.