Unilever to pay $1.5 billion for men's grooming brand Dr Squatch, FT reports
(Reuters) -Unilever is paying $1.5 billion to buy men's personal care brand Dr Squatch from private equity firm Summit Partners, the Financial Times reported on Friday, citing sources.
The deal was announced earlier this week by all three parties, without disclosing financial details.
Reuters could not immediately verify the FT report.
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Here's why all three dividend stocks stand out as quality buys now. Scott Levine (ConocoPhillips): With volatility roiling the energy market, many people have shied away from oil and gas stocks in favor of more stable investment opportunities. Taking the long view, however, investors will find that ConocoPhillips stock has demonstrated resilience. As of June 20, the stock has provided a total return of over 6% while the price of oil benchmark West Texas Intermediate has plunged more than 34%. Between this, the stock's 3.4% forward yield, and its attractive valuation, investors have an excellent opportunity today to fuel their passive income streams with a leader in the oil patch. Savvy investors know that high-yielding dividends are great, but they require some investigation to ensure that they're sustainable. ConocoPhillips stock seems to be on firm financial footing. Over the past five years, the stock has averaged a conservative 44.3% payout ratio. 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