Bunzl (BZLFY) Raised to “Hold” at Zacks Investment Research
According to Zacks, “Bunzl Plc operates in two business areas; Outsourcing Services and Filtrona. As an international componay Bunzl has developed sound partnerships with both suppliers and customers by providing outsourcing solutions and customer service oriented distribution and light manufacture, primarily of plastic and paper based products. “
Separately, Credit Suisse Group lowered shares of Bunzl from an outperform rating to a neutral rating in a research note on Friday, March 8th.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.429 per share. This is a positive change from Bunzl’s previous Semi-Annual dividend of $0.18. The ex-dividend date of this dividend is Thursday, May 23rd. Bunzl’s payout ratio is currently 20.35%.
Bunzl Company Profile
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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