Last week Unilever announced a 5.99% increase in its quarterly dividend. The dividend is raised from €0.302 to €0.3201. The dividend pay date is June 1, 2016 to shareholders of record on April 29, 2016 (ex dividend April 28, 2016).
CEO Paul Polman: “The first quarter demonstrates a strong volume-driven performance, following on from a good delivery in 2015. We are maintaining momentum despite a tougher external environment, with all four categories gaining market share. This broad-based growth, including over 8% in emerging markets, shows the validity of our strategy, portfolio management and a step-up in innovation.
With markets remaining volatile, we continue to focus on driving agility and resilience in our business through the key programmes which we set out at the end of last year: net revenue management, zero based budgeting and the next stage in our continued organizational transformation. This will position us well to deliver another year of volume-driven growth ahead of our markets, steady improvement in core operating margin and strong cash flow. These underpin sustained long-term value creation for our shareholders.”
The new dividend amount represents an annualized dividend amount of €1.2804 per share, up from €1.208. The dividend yield on current price is 3.54 %.
My Vrijheid Fonds consist of 238 shares of UNA.AS, so in 2016 my passive income will increase by €14.65 (after taxes).
My projected annual total amount from my shares of UNA.AS will be €259.02 after taxes.
Unilever’s ability to maintain and grow its dividend for at least 37 consecutive years is impressive, especially for a European company. However, since 2014 Unilever’s dividend growth has slowed to around 6% a year. But it is still far better than the 1% of PG!