Bunzl increases its 2016 interim dividend by 11%

DividendMax Ltd.

Bunzl increases its 2016 interim dividend by 11%

Highlights include:

Good increase at constant exchange rates in revenue, adjusted operating profit and adjusted earnings per share

Group operating margin of 6.8% up 20 basis points at constant exchange rates with margins up in North America and Continental Europe and down in UK & Ireland and Rest of the World

Eight acquisitions announced to date in 2016, including three announced today, with committed spend of £101 million

Continued strong cash conversion with operating cash flow to adjusted operating profit of 97%

23 year track record of dividend growth continues with an increase of 11% in the interim dividend

Companies mentioned