Bunzl plc (LON:BNZL) to Issue Dividend of GBX 53.80

Bunzl plc (LON:BNZL) declared a dividend on Monday, March 3rd, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 22nd will be given a dividend of GBX 53.80 ($0.72) per share on Wednesday, July 2nd. This represents a 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 accessed at this link.

Bunzl Stock Down 0.4%

Bunzl stock opened at GBX 2,516 ($33.60) on Tuesday. The firm’s 50 day moving average price is GBX 2,695.69 and its two-hundred day moving average price is GBX 3,142.85. Bunzl has a twelve month low of GBX 2,218 ($29.62) and a twelve 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 P/E/G ratio of 5.40 and a beta of 0.45. The company has a debt-to-equity ratio of 123.00, a quick ratio of 0.73 and a current ratio of 1.15.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Daniela Barone Soares purchased 431 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were bought at an average cost of GBX 2,307 ($30.81) per share, for a total transaction of £9,943.17 ($13,280.58). Also, insider Richard Howes purchased 8,479 shares of the firm’s stock in a transaction on Wednesday, April 16th. The stock was bought at an average price of GBX 2,338 ($31.23) per share, for a total transaction of £198,239.02 ($264,777.64). Insiders have bought 12,910 shares of company stock worth $32,966,219 in the last quarter. 0.84% of the stock is currently owned by company 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.