Unilever announces upcoming $0.45 per share dividend By Investing.com

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<p><span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Unilever </span></span> PLC (LON:), the global consumer goods giant behind popular brands such as Knorr and Dove, has announced a dividend of $0.45 per share, scheduled for payment on December 8, 2023. Shareholders who own the stock before the ex-dividend date on Thursday will be eligible for the dividend payout.</p>
<p>The company’s commitment to shareholder returns is evident in its consistent quarterly dividends since 1984. The current 12-month trailing dividend yield stands at 3.74%, with a slightly higher forward yield of 3.80%, signaling an anticipated increase in dividends over the next year.</p>
<p>Unilever’s dividend growth has shown stability over time, with an annual increase rate of 2.70% over the past three years. This growth extends to a five-year rate of 3.60% and a significant ten-year rate of 7.60%. Investors who have held Unilever stock for five years are seeing a yield on cost of approximately 4.46%.</p>
<p>The company’s dividend payout ratio as of June 30, 2023, was reported at 0.52, which indicates a balance between returning profits to shareholders and retaining earnings for future expansion and potential downturns.</p>
<p>Unilever boasts strong profitability as its earnings have grown by approximately 1.10% per year on average over the past three years, outperforming around 42.3% of global competitors in its sector. With its strategic acquisitions such as Paula’s Choice and The Vegetarian Butcher, alongside its established brands, Unilever continues to show promise as a reliable dividend payer amid a competitive global market.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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