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Mondi boosted by e-commerce but prices remain weak

The paper and packaging manufacturer has reintroduced its dividend
Mondi boosted by e-commerce but prices remain weak

The online shopping boom helped Mondi (MNDI) partially offset the impact of a weak pricing environment and the coronavirus pandemic. The paper and packaging manufacturer has decided that its position is robust enough to return to dividends. It will pay out an extra dividend of 29.75¢ on top of its interim dividend in September, having suspended its 2019 final payment in April in response to the virus outbreak.

IC TIP: Buy at 1,449p

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