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.

UN has been the subject of several research reports. Zacks Investment Research raised Unilever from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 26th. UBS Group lowered Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Societe Generale assumed coverage on Unilever in a research note on Tuesday, January 29th. They set a “sell” rating for the company. BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Finally, Barclays assumed coverage on Unilever in a research report on Tuesday, April 9th. They issued an “underweight” rating for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.50.

ILLEGAL ACTIVITY NOTICE: “Unilever NV (UN) Increases Dividend to $0.46 Per Share” was first posted by Marea Informative and is the property of of Marea Informative. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.mareainformativa.com/news/2019/04/23/unilever-nv-un-increases-dividend-to-0-46-per-share.html.

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

Dividend History for Unilever (NYSE:UN)

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.