Unilever NV (UN) Announces Dividend Increase – $0.42 Per Share

Unilever NV (NYSE:UN) announced a dividend on Thursday, October 19th, NASDAQ reports. Stockholders of record on Friday, November 3rd will be paid a dividend of 0.422 per share on Wednesday, December 13th. The ex-dividend date of this dividend is Thursday, November 2nd. This is a boost from Unilever NV’s previous dividend of $0.30.

Unilever NV has raised its dividend payment by an average of 0.2% annually over the last three years. Unilever NV has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Unilever NV to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 57.1%.

Shares of Unilever NV (NYSE UN) traded down $0.05 during trading hours on Friday, hitting $57.28. 1,405,000 shares of the stock traded hands, compared to its average volume of 2,219,749. Unilever NV has a 1-year low of $38.41 and a 1-year high of $61.62.

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Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, September 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. BidaskClub raised shares of Unilever NV from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, Royal Bank Of Canada downgraded shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.00.

About Unilever NV

Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Dividend History for Unilever NV (NYSE:UN)

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