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

Unilever PLC (NYSE:UL) announced a quarterly dividend on Thursday, April 25th, 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 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

Unilever has raised 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 Up 0.6 %

Shares of UL opened at $51.24 on Friday. Unilever has a 52-week low of $46.16 and a 52-week high of $55.99. The firm’s fifty day moving average is $49.11 and its two-hundred day moving average is $48.56.

Analysts Set New Price Targets

UL has been the topic of several research analyst reports. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.