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Unilever's Magnum Spin-Off Makes It A Less Bloated, More Predictable Stock
Unilever spun off its ice cream business, Magnum, simplifying operations and focusing on core segments with steadier growth and profitability. Post-spin, UL's revenue and margins become more stable, reducing volatility and improving cash flow quality due to lower capex and working capital needs. UL's dividend yield remains robust (3.5–4%), now funded by less cyclical cash flows, but offers little growth beyond inflation.
