Unilever NV (UN) Increases Dividend to $0.46 Per Share
Unilever NV (NYSE:UN) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.4641 per share on Wednesday, June 5th. This represents a $1.86 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, May 2nd. This is a boost from Unilever’s previous quarterly dividend of $0.44.
Unilever has increased its dividend payment by an average of 11.4% annually over the last three years. Unilever has a dividend payout ratio of 66.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Unilever to earn $3.15 per share next year, which means the company should continue to be able to cover its $1.77 annual dividend with an expected future payout ratio of 56.2%.
Shares of UN stock traded up $0.11 during mid-day trading on Tuesday, hitting $58.86. 1,735,982 shares of the stock traded hands, compared to its average volume of 1,372,539. Unilever has a twelve month low of $52.08 and a twelve month high of $59.33. The stock has a market cap of $100.12 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.09 and a beta of 0.61.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
Read More: Market Capitalization
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.