Bunzl plc (BNZL) Declares GBX 15.20 Dividend

Bunzl plc (LON:BNZL) declared a dividend on Tuesday, August 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 15th will be given a dividend of GBX 15.20 ($0.20) per share on Wednesday, January 2nd. This represents a yield of 0.64%. The ex-dividend date of this dividend is Thursday, November 15th. The official announcement can be seen at this link.

BNZL stock opened at GBX 2,232 ($29.17) on Friday. Bunzl has a 1-year low of GBX 1,918.50 ($25.07) and a 1-year high of GBX 2,472 ($32.30).

Bunzl (LON:BNZL) last posted its quarterly earnings results on Tuesday, August 28th. The company reported GBX 59.40 ($0.78) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 59.10 ($0.77) by GBX 0.30 ($0.00).

In related news, insider Paul Nicholas Hussey sold 12,600 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of GBX 2,370 ($30.97), for a total transaction of £298,620 ($390,199.92). Also, insider Patrick Larmon sold 28,500 shares of the stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of GBX 2,404 ($31.41), for a total value of £685,140 ($895,256.76). Insiders have sold a total of 45,966 shares of company stock worth $109,762,440 in the last 90 days.

BNZL has been the subject of a number of research reports. Barclays reiterated an “overweight” rating on shares of Bunzl in a research report on Wednesday, August 29th. Morgan Stanley initiated coverage on Bunzl in a research report on Wednesday, September 19th. They set an “equal weight” rating and a GBX 2,600 ($33.97) target price for the company. UBS Group increased their target price on Bunzl from GBX 2,300 ($30.05) to GBX 2,400 ($31.36) and gave the company a “neutral” rating in a research report on Monday, September 3rd. Goldman Sachs Group increased their target price on Bunzl from GBX 2,500 ($32.67) to GBX 2,550 ($33.32) and gave the company a “neutral” rating in a research report on Tuesday, September 11th. Finally, Royal Bank of Canada lowered their target price on Bunzl from GBX 1,950 ($25.48) to GBX 1,800 ($23.52) and set an “underperform” rating for the company in a research report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Bunzl currently has an average rating of “Hold” and a consensus price target of GBX 2,367.83 ($30.94).

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About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

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Dividend History for Bunzl (LON:BNZL)

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