Per Yahoo Finance, as I read it, the average analyst estimates for 2012 show an increase of 14 cents per share on a base earnings for 2011 of $2.20 per share. That is growth of about 6.364% in 2012 earnings. Next, consider the dividend yield: Even at $31.55 per share price (which exceeds today's spot price), the yield is 3.9%. Add the two gets 10.26%.
Not bad for a stock with a Beta, per Yahoo Finance, of 0.74 and with significant exposure to emerging markets.
It appears, however, that European wows are affecting UL. UL has no connection to my knowledge to European sovereign debt. If you are looking long term and like a multinational company with low beta, emerging markets exposure and significant dividend, why not try UL?
Disclosure: My family has a very modest long position on UL, less than $6000.