Unilever Plc shares were up 3.1 pct at 2,143 pence by 0826 GMT, in a firmer FTSE 100 . The stock has underperformed European food and beverage stocks by almost 10 percent so far this year.
Darren Shirley, analyst at Shore Capital, pointed out that the board also upped its dividend by 8%, giving the stock a yield of 3.9%. He added that Unilever had reported an ‘excellent start’ to the year, reiterating a ‘buy’ rating for the stock.
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