Packaging profits deliver strong dividend growth at Mondi
Packaging group Mondi is a fairly recent arrival in the FTSE 100, but it has a 50-year history and a track record of at least 15% annual dividend growth. As plastic waste comes under closer scrutiny, the firm's focus on paper products and sustainability should play well with customers and investors. Read on for our full analysis.
Shareholders in packaging group Mondi (LON: MNDI) are enjoying the benefits of the group's mix of modern technology and market-leading scale. The stock has risen by 70% in five years and in the same time, the dividend has doubled.
But still, a mix of acquisitive and organic growth has left the company promising further growth. We think the shares remain affordably valued and could be a profitable buy for income investors.
Mondi’s story so far
Mondi can trace…
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