Unilever PLC (UL) to Issue Quarterly Dividend of $0.55 on April 10th

Unilever PLC (NYSE:UL) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.5547 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, February 27th.

Unilever has increased its dividend by an average of 0.2%per year over the last three years. Unilever has a payout ratio of 61.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unilever to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.19 annual dividend with an expected future payout ratio of 62.8%.

Unilever Stock Performance

Shares of UL traded down $1.65 during trading hours on Wednesday, hitting $72.94. The stock had a trading volume of 610,896 shares, compared to its average volume of 3,502,662. The firm has a 50 day simple moving average of $67.77 and a 200-day simple moving average of $68.21. Unilever has a 1-year low of $61.78 and a 1-year high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion for the quarter, compared to analysts’ expectations of $31.39 billion. On average, equities research analysts predict that Unilever will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Unilever

Several hedge funds have recently modified their holdings of UL. Elyxium Wealth LLC acquired a new stake in Unilever during the 4th quarter worth approximately $25,000. Bard Associates Inc. purchased a new stake in shares of Unilever in the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in Unilever during the third quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in Unilever during the fourth quarter worth $29,000. Finally, Asset Dedication LLC lifted its stake in shares of Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

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.