Bunzl plc (OTCMKTS:BZLFY) to Issue $0.51 Dividend

Bunzl plc (OTCMKTS:BZLFYGet Rating) declared a dividend on Saturday, May 14th, investing.com reports. Shareholders of record on Friday, May 20th will be given a dividend of 0.5104 per share on Friday, July 8th. This represents a dividend yield of 2%. The ex-dividend date is Thursday, May 19th.

BZLFY stock opened at $35.82 on Friday. Bunzl has a fifty-two week low of $31.59 and a fifty-two week high of $41.45. The business’s 50 day moving average price is $38.57 and its two-hundred day moving average price is $38.37. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.65.

Several research firms recently issued reports on BZLFY. Morgan Stanley upped their price objective on Bunzl from GBX 2,350 ($28.97) to GBX 2,400 ($29.59) and gave the company an “underweight” rating in a research report on Friday, January 14th. Credit Suisse Group upped their price objective on Bunzl from GBX 2,900 ($35.75) to GBX 3,050 ($37.60) in a research report on Thursday, April 21st. Berenberg Bank cut Bunzl from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Barclays upped their price objective on Bunzl from GBX 2,800 ($34.52) to GBX 2,935 ($36.19) in a research report on Tuesday, March 1st. Finally, HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bunzl presently has an average rating of “Hold” and a consensus price target of $2,225.60.

About Bunzl (Get Rating)

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.

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Dividend History for Bunzl (OTCMKTS:BZLFY)

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