Bunzl increases its 2017 interim dividend by 8%

DividendMax Ltd.

Bunzl increases its 2017 interim dividend by 8%

Bunzl 2017 interim results

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

Organic revenue growth increased to 3.7%

Group operating margin down 20 basis points to 6.6%, principally due to the impact of lower margin business won in North America

Eleven acquisitions announced to date, including one announced today, with a total committed spend of £546 million

Return on average operating capital of 54.3% with return on invested capital of 16.4%

Continued strong cash conversion (operating cash flow to adjusted operating profit) of 96%

24 year track record of dividend growth continues with an increase of 8% in the interim dividend

Companies mentioned