Bunzl plc (LON:BNZL) Raises Dividend to GBX 53.80 Per Share

Bunzl plc (LON:BNZL) declared a dividend on Monday, March 3rd, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of GBX 53.80 ($0.72) per share on Wednesday, July 2nd. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a 167.7% increase from Bunzl’s previous dividend of $20.10. The official announcement can be seen at this link.

Bunzl Stock Down 0.4%

Shares of BNZL stock opened at GBX 2,516 ($33.60) on Tuesday. Bunzl has a 12 month low of GBX 2,218 ($29.62) and a 12 month high of GBX 3,732 ($49.85). The firm has a market cap of £8.23 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 5.40 and a beta of 0.45. The stock has a 50 day moving average of GBX 2,695.69 and a 200-day moving average of GBX 3,142.85. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 123.00.

Bunzl (LON:BNZL) last released its quarterly earnings data on Monday, March 3rd. The company reported GBX 194.30 ($2.60) earnings per share (EPS) for the quarter. Bunzl had a return on equity of 16.82% and a net margin of 4.20%. On average, equities analysts predict that Bunzl will post 213.3413462 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Bunzl in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,375 ($45.08).

Insiders Place Their Bets

In other news, insider Frank van Zanten purchased 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of GBX 3,037 ($40.56) per share, with a total value of £121,480 ($162,254.57). Also, insider Richard Howes purchased 8,479 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were purchased at an average cost of GBX 2,338 ($31.23) per share, for a total transaction of £198,239.02 ($264,777.64). Over the last quarter, insiders have acquired 12,910 shares of company stock valued at $32,966,219. 0.84% of the stock is currently owned by corporate insiders.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.