Unilever PLC (NYSE:UL) Plans $0.53 Quarterly Dividend

Unilever PLC (NYSE:UL) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, August 7th will be given a dividend of 0.5305 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 7th.

Unilever has raised its dividend payment by an average of 0.2%annually over the last three years. Unilever has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Unilever to earn $3.72 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 56.5%.

Unilever Trading Up 0.5%

UL opened at $64.09 on Wednesday. Unilever has a 1 year low of $54.75 and a 1 year high of $74.97. The business’s 50-day moving average is $60.23 and its two-hundred day moving average is $62.31.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.