Unilever PLC (NYSE:UL) Plans Quarterly Dividend of $0.52
Unilever PLC (NYSE:UL) announced a quarterly dividend of $0.5175 per share, payable on September 12th to shareholders of record on August 15th. This marks a 0.5% increase from the previous dividend of $0.52, with an annualized yield of 3.4%. The company has a payout ratio of 57.9%, indicating strong earnings coverage for the dividend. Unilever's stock rose 3.5% to $60.46, with a market cap of $148.35 billion and a P/E ratio of 17.32. Analysts maintain a Moderate Buy rating on the stock, though some suggest alternative investments.
Unilever PLC (NYSE:UL - Get Free Report) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.5175 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, August 15th. This is a 0.5% increase from Unilever's previous quarterly dividend of $0.52.
- Analysts Say Unilever Has the Leverage to Hit New Highs
Unilever has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unilever to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 59.6%.
Unilever Trading Up 3.5%
NYSE:UL traded up $2.03 during mid-day trading on Friday, reaching $60.46. The company's stock had a trading volume of 2,718,548 shares, compared to its average volume of 2,551,598. Unilever has a 12-month low of $54.32 and a 12-month high of $65.87. The firm's fifty day moving average price is $61.64 and its two-hundred day moving average price is $60.17. The stock has a market cap of $148.35 billion, a P/E ratio of 17.32, a PEG ratio of 3.75 and a beta of 0.41.
About Unilever
(Get Free Report)- UL Solutions Stock Breakout Imminent – Is Now the Time to Buy?
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.
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