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

Unilever PLC (NYSE:UL) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid 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% annually over the last three years and has increased its dividend every year for the last 1 years.

Unilever Trading Up 0.6 %

UL stock traded up $0.32 during midday trading on Friday, reaching $51.24. The stock had a trading volume of 4,277,819 shares, compared to its average volume of 2,889,292. Unilever has a 52-week low of $46.16 and a 52-week high of $55.99. The company’s fifty day simple moving average is $49.10 and its 200 day simple moving average is $48.53.

Analysts Set New Price Targets

Several research firms have recently commented on UL. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever has an average rating of “Hold” and a consensus price target of $48.00.

About Unilever

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.