Bunzl plc (OTCMKTS:BZLFY) to Issue Dividend of $0.33

Bunzl plc (OTCMKTS:BZLFY) declared a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be paid a dividend of 0.3289 per share on Wednesday, July 9th. This represents a dividend yield of 2.63%. The ex-dividend date is Friday, May 23rd. This is a 31.0% increase from Bunzl’s previous dividend of $0.25.

Bunzl Stock Down 1.5%

Shares of OTCMKTS BZLFY opened at $16.63 on Wednesday. Bunzl has a 12-month low of $14.76 and a 12-month high of $24.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. The firm has a 50 day moving average of $17.62 and a 200 day moving average of $23.91.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. Peel Hunt lowered Bunzl from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Finally, Barclays raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.