Unilever PLC (NYSE:UL) to Issue Quarterly Dividend of $0.46

Unilever PLC (NYSE:UL - Get Free Report) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

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

Unilever Stock Performance

NYSE:UL traded up $0.32 during trading hours on Friday, reaching $51.24. The company had a trading volume of 4,278,307 shares, compared to its average volume of 2,889,297. The stock has a 50-day moving average of $49.11 and a two-hundred day moving average of $48.56. Unilever has a one year low of $46.16 and a one year high of $55.99.

Analyst Upgrades and Downgrades

UL has been the topic of several analyst reports. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday. Morgan Stanley cut shares of Unilever from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Unilever currently has a consensus rating of "Hold" and a consensus price target 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.