Bunzl plc (OTCMKTS:BZLFY) Plans Dividend Increase - $0.33 Per Share

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

Bunzl Stock Performance

Shares of OTCMKTS:BZLFY opened at $16.89 on Tuesday. Bunzl has a fifty-two week low of $14.76 and a fifty-two week high of $24.57. The business has a 50-day simple moving average of $17.66 and a two-hundred day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Hsbc Global Res raised Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Peel Hunt lowered shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barclays raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Two research 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. According to data from MarketBeat.com, the company presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.