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Reckitt Benckiser offers total 790pc cash dividend

| Updated: May 03, 2018 17:49:13

Reckitt Benckiser offers total 790pc cash dividend

The board of directors of Reckitt Benckiser (BD) has recommended 515 per cent final cash dividend in addition to 275 per cent interim cash dividend which has already been paid.

Thus full year dividend is aggregating to 790 per cent cash dividend for the year ended on December 31, 2017, the highest dividends declaration in 2017 so far, said an official disclosure on Thursday.

The annual general meeting will be held on June 25 at 10:30am at The Peninsula Chittagong Limited, in Chittagong.

The record date is on May 24.

The company has also reported earnings per share (EPS) of Tk 80.63, net asset value (NAV) per share of Tk 64.28 and net operating cash flow per share (NOCFPS) of Tk 93.37 for the year ended on December 31, 2017 as against Tk 62.66, Tk 50.02 and Tk 128.13 respectively for the same period of the previous year.

There will be no price limit on the trading of the shares of the company today following its corporate declaration.

The company also disclosed first quarter (Q1) earnings on Thursday. As per Q1 earnings results, the company’s EPS was Tk 7.34 for January-March, 2018 as against Tk 11.54 for January-March, 2017.

The NOCFPS was Tk 7.27 for January-March, 2018 as against Tk 5.07 for January-March, 2017. NAV per share was Tk 68.89 as on March 31, 2018 and Tk 61.55 as on March 31, 2017.

The company has noted that revenue growth for the first quarter was only 0.60 per cent compared to same period in the previous year due to muted market growth in some key segments.

Also operating profit declined because of low top-line growth during the quarter, though the company maintained its long term marketing investment strategy behind the key brands.

Each share of the multinational company, which was listed on the Dhaka bourse in 1987, closed at Tk 1,916.20 on Monday last.


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