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.
TRADEMARK VIOLATION WARNING: “Unilever NV (UN) Announces Dividend Increase – $0.42 Per Share” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/11/13/unilever-nv-un-increases-dividend-to-0-42-per-share.html.
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.
Receive News & Ratings for Unilever NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever NV and related companies with MarketBeat.com's FREE daily email newsletter.