Unilever PLC (LON:ULVR) Declares Dividend Increase – GBX 36.96 Per Share

Unilever PLC (LON:ULVR) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be given a dividend of GBX 36.96 ($0.48) per share on Friday, September 6th. This represents a yield of 0.84%. The ex-dividend date is Thursday, August 8th. This is a positive change from Unilever’s previous dividend of $36.74. The official announcement can be accessed at this link.

Unilever Stock Performance

Shares of ULVR opened at GBX 4,687 ($60.62) on Friday. Unilever has a 12-month low of GBX 3,680.50 ($47.60) and a 12-month high of GBX 4,710 ($60.92). The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 142.66. The company has a market cap of £117.18 billion, a PE ratio of 2,149.34, a price-to-earnings-growth ratio of 16.36 and a beta of 0.16. The stock has a 50-day moving average price of GBX 4,378.38 and a 200-day moving average price of GBX 4,087.72.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever in a research report on Thursday, July 4th. Jefferies Financial Group lifted their price objective on shares of Unilever from GBX 3,700 ($47.85) to GBX 4,000 ($51.73) and gave the stock an “underperform” rating in a report on Tuesday, July 2nd. Barclays reissued an “overweight” rating and issued a GBX 4,600 ($59.49) target price on shares of Unilever in a research note on Monday, April 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,960 ($64.15) price target on shares of Unilever in a research note on Thursday, April 25th.

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.