Unilever PLC (NYSE:UL) Plans Quarterly Dividend of $0.52

Unilever PLC (NYSE:UL - Get Free Report) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.5175 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, August 15th. This is a 0.5% increase from Unilever's previous quarterly dividend of $0.52.Analysts Say Unilever Has the Leverage to Hit New HighsUnilever has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Unilever to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 59.6%. Unilever Trading Up 3.5%NYSE:UL traded up $2.03 during mid-day trading on Friday, reaching $60.46. The company's stock had a trading volume of 2,718,548 shares, compared to its average volume of 2,551,598. Unilever has a 12-month low of $54.32 and a 12-month high of $65.87. The firm's fifty day moving average price is $61.64 and its two-hundred day moving average price is $60.17. The stock has a market cap of $148.35 billion, a P/E ratio of 17.32, a PEG ratio of 3.75 and a beta of 0.41. About Unilever (Get Free Report)UL Solutions Stock Breakout Imminent – Is Now the Time to Buy?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.Recommended StoriesFive stocks we like better than UnileverUnveiling The Power Of VWAP: A Key Indicator For TradersWill Hims & Hers Fall Along With Novo Nordisk?How to Start Investing in Real EstatePlay It Cool: Why Comfort Systems USA Is a Hidden AI WinnerPros And Cons Of Monthly Dividend StocksRocket Lab Reports Next Week: Here’s What Investors Should KnowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.3 Buy-and-Forget Stocks for Long-Term InvestorsShould You Invest $1,000 in Unilever Right Now?Before you consider Unilever, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unilever wasn't on the list.While Unilever currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here