Reckitt Benckiser declares record 1250pc dividend

FE Team | Published: May 02, 2020 20:55:17

Reckitt Benckiser (BD) Ltd has declared a record 1250 per cent cash dividend for the year ended on December 31, 2019 amid higher earnings growth. The company's earnings per share jumped 86.64 per cent year-on-year to Tk 131.06 for the year ended on December 31, 2019, according to an official disclosure on Friday. The investors will get Tk 125 per share of face value of Tk 10 each. The board of directors of the company in a virtual meeting Thursday recommended the dividend and approved the audited financial statements for the year ended on December 31, 2019, This is also the highest dividend declaration of the company after listing on the Dhaka Stock Exchange. The company disbursed 700 per cent cash dividend in 2018, 790 per cent cash in 2017, 775 per cent cash in 2016 and 650 per cent cash dividend in 2015, the DSE data showed. The annual general meeting will be held on June 3 through digital platform due to ongoing Covid-19 pandemic. The record date is on May 11. If the record date falls on the general holiday due to extension of shutdown to curb the spread of Covid-19, the record date would be the fourth market day after resuming the stock market, according to the disclosure. The company has also reported net asset value (NAV) per share of Tk 142.64 and net operating cash flow per share (NOCFPS) of Tk 176.55 for the year ended on December 31, 2019 as against Tk 81.63 and Tk 129.22 respectively in the previous year. — FE Report