Unilever increases its 2017 H1 dividend by 18.3% in sterling terms.

DividendMax Ltd.

Unilever increases its 2017 H1 dividend by 18.3% in sterling terms.

Strong progress against the strategic objectives set out for 2020

·      Turnover increased 5.5%, including a positive currency impact of 1.7%

·      Underlying sales growth 3.0%, ahead of our markets, with price up 3.0% and flat volumes

·      Excluding spreads, underlying sales growth of 3.4% with volume up 0.3%

·      Underlying operating margin up 180bps, reflecting faster savings delivery and phasing of investment

·      Underlying earnings per share up 14%, constant underlying EPS up 12%

·      Net profit increased 22%

First half dividend increased to 62.04p (52.45p)

Companies mentioned