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The Financial Express

Reckitt Benckiser recommends 275pc interim cash dividend

| Updated: November 30, 2017 19:33:37


Reckitt Benckiser recommends 275pc dividend

The board of directors of Reckitt Benckiser (Bangladesh) has recommended 275 per cent interim cash dividend based on the financial position and un-appropriated profit for the half year ended on June 30, 2017, said an official disclosure on Thursday.

The record date for entitlement of interim dividend is on December 20, 2017.

The multinational company has also reported earnings per share (EPS) of Tk 25.65, net asset value (NAV) per share of Tk 38.18 and net operating cash flow per share (NOCFPS) of Tk 8.90 or the year ended on June 30, 2017 as against Tk 25.05, Tk 53.53 and Tk 62.09 respectively for the same period of the previous year.

In 2016, the company disbursed a total of 775 per cent cash dividend while the company paid 650 per cent cash dividend in 2015.

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

Each share of the company, which was listed on the Dhaka bourse in 1987, closed at Tk 2,081.40 each on Wednesday at the Dhaka Stock Exchange (DSE).

The company’s paid-up capital is Tk 47.25 million and authorised capital is Tk 250 million, while the total number of securities is 4.72 million.

Sponsor-directors own 82.96 per cent stake in the company while the government owns 3.77 per cent, institutional investors own 5.80 per cent, foreign 2.70 per cent and the general public 4.77 per cent as on October 31, 2017, the DSE data shows.

Reckitt Benckiser BD offers health and hygiene care products for consumers in Bangladesh. It provides products in the areas of surface and fabric care, dishwashing, homecare, health and personal care, and food.

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