Unilever PLC (NYSE:UL) Shares Will Pay Quarterly Dividend of $0.52

Unilever PLC (NYSE:UL) announced a quarterly dividend on Thursday, February 12th. Investors of record on Friday, November 13th will be given a dividend of $0.5219 per share on Friday, December 18th. This represents a $2.09 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, November 13th. This is a 1.6% decrease from Unilever’s previous quarterly dividend of $0.5305.

Unilever has raised its dividend payment by an average of 0.2% per year over the last three years. Unilever has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Unilever to earn $3.69 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 55.8%.

Unilever Trading Down 0.2%

Shares of UL stock opened at $66.45 on Wednesday. Unilever has a 52-week low of $54.75 and a 52-week high of $74.97. The business’s fifty day moving average is $63.56 and its 200 day moving average is $62.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UL. Latitude Advisors LLC purchased a new stake in shares of Unilever in the third quarter worth $26,000. Tompkins Financial Corp purchased a new position in shares of Unilever in the 3rd quarter worth about $27,000. West Financial Advisors LLC purchased a new position in shares of Unilever in the 3rd quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Unilever in the 3rd quarter worth about $28,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Unilever during the 3rd quarter valued at about $30,000. Institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.