Bunzl plc (LON:BNZL) to Issue Dividend Increase – GBX 53.80 Per Share

Bunzl plc (LON:BNZL) announced 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 is Thursday, May 22nd. This is a 167.7% increase from Bunzl’s previous dividend of $20.10. The official announcement can be viewed at this link.

Bunzl Stock Performance

LON BNZL opened at GBX 2,516 ($33.60) on Tuesday. The firm has a market capitalization of £8.23 billion, a P/E ratio of 17.39, a PEG ratio of 5.40 and a beta of 0.45. The stock has a 50-day simple moving average of GBX 2,695.69 and a two-hundred day simple moving average of GBX 3,142.85. 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 has a fifty-two week low of GBX 2,218 ($29.62) and a fifty-two week high of GBX 3,732 ($49.85).

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, insider Frank van Zanten acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of GBX 3,037 ($40.56) per share, for a total transaction of £121,480 ($162,254.57). Also, insider Daniela Barone Soares bought 431 shares of Bunzl stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of GBX 2,307 ($30.81) per share, with a total value of £9,943.17 ($13,280.58). Over the last 90 days, insiders have acquired 12,910 shares of company stock worth $32,966,219. 0.84% of the stock is owned by corporate insiders.

About Bunzl

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.