Trading update pushes Unilever (ULVR) close to an all-time high

Investors are pleased as sales are up and the quarterly dividend gets a boost.

Article updated: 18 April 2019 3:00pm Author: Graham Spooner

  • Sales rise by 3% with strong performance coming from emerging markets.
  • Investors should welcome 6% increase in quarterly dividend.
  • We recommend the shares as a ‘buy’ due to a range of factors including company's diverse portfolio of global brands.

Unilever at all time high

This morning’s first quarter trading update has beaten analysts’ expectations and led to a 2.3% rise in the shares pushing them within touching distance of an all-time high. Underlying sales were up by 3.1%, with a good performance coming from emerging markets where sales were up by 5%.

Investors will be pleased with the increase in the quarterly dividend by 6% to €0.4104, but will be hoping the company can boost sales growth in the future; something analysts have been increasingly concerned about.

Our View on Unilever - Buy

We maintain our ‘buy' recommendation for low to medium risk investors seeking a balance of growth and income due to the company's diverse portfolio of global brands, defensive qualities in times of greater economic uncertainty and good growth in emerging markets.

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All information given including prices, yields and our opinion is correct at the time of publication. Our opinions on investments can change at any time and for our latest view please go to www.share.com. To understand how our Investment research team arrive at their views please read our Investment Research Policy.

Graham Spooner portrait photo
Graham Spooner

Investment Research Analyst

Graham started out as a fully authorised dealer on the Stock Exchange trading floor and for various banks, before becoming an FSA-approved investment adviser. Now a respected voice in the media, Graham’s share tips and comments on the markets are frequently sought by the national press.