Unilever PLC
ULConsumer Defensive · Stock · quarterly payer
Forward Yield
3.65%
Annual Dividend
$2.28
Payout Ratio
79%
5-Yr Growth
1.9%
Ex-Date
May 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Unilever PLC (UL) yields 3.65% ($2.28 per share annually), with a blended fair-value estimate of $74.84 — +20% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 3 years of dividend growth.
Is UL a good dividend stock?
MixedUnilever PLC (UL) pays a quarterly dividend yielding 3.65% ($2.28/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2022
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.65%
- Payout Ratio
- 79%
- Annual Dividend
- $2.28
- 5-Yr Avg Growth
- 1.9%
- Ex-Dividend Date
- May 15, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.45
- Market Cap
- $134.3B
- P/E Ratio
- 21.1
- 5-Yr Total Return
- -0%
- 52-Week Range
- $54.75 – $74.98
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
UL Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+9%
5 Years
-0%
52-Week Range
$54.75 – $74.98
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UL worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Unilever PLC is $74.84 per share, versus a market price of $62.39. That implies 20% of upside — a margin of safety of about 17%.
Fair Value
$74.84
Current Price
$62.39
Upside
+20%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.6% annual free-cash-flow growth. We model 7.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 7.4% stage-1 growth, 2.5% terminal growth, $2.95 EPS, $2.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.5450 | regular |
| Feb 27, 2026 | — | $0.5550 | regular |
| Nov 7, 2025 | — | $0.5923 | regular |
| Aug 15, 2025 | — | $0.5890 | regular |
| May 16, 2025 | — | $0.5856 | regular |
| Feb 28, 2025 | — | $0.5259 | regular |
| Nov 8, 2024 | — | $0.5360 | regular |
| Aug 9, 2024 | — | $0.5372 | regular |
| May 16, 2024 | — | $0.5135 | regular |
| Feb 22, 2024 | — | $0.5158 | regular |
| Nov 16, 2023 | — | $0.5113 | regular |
| Aug 3, 2023 | — | $0.5349 | regular |
| May 18, 2023 | — | $0.5293 | regular |
| Feb 23, 2023 | — | $0.5146 | regular |
Income Calculator
At $2.28 / yr per share
