Reckitt Benckiser Group plc (LON:RKT) Announces GBX 80.40 Dividend

Reckitt Benckiser Group plc (LON:RKT) announced a dividend on Wednesday, July 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 1st will be paid a dividend of GBX 80.40 ($1.03) per share on Friday, September 13th. This represents a yield of 1.82%. The ex-dividend date is Thursday, August 1st. The official announcement can be seen at this link.

Reckitt Benckiser Group Stock Performance

Shares of RKT stock opened at GBX 4,198.39 ($54.01) on Wednesday. The company has a debt-to-equity ratio of 100.80, a quick ratio of 0.46 and a current ratio of 0.64. The company has a market capitalization of £29.57 billion, a P/E ratio of 1,829.07, a price-to-earnings-growth ratio of 1.64 and a beta of 0.06. The company’s 50 day moving average price is GBX 4,374.25 and its two-hundred day moving average price is GBX 4,745.98. Reckitt Benckiser Group has a 52 week low of GBX 4,034 ($51.89) and a 52 week high of GBX 6,006 ($77.26).

Analysts Set New Price Targets

Several analysts have commented on RKT shares. HSBC restated a “hold” rating on shares of Reckitt Benckiser Group in a report on Thursday, April 18th. Berenberg Bank lifted their price objective on shares of Reckitt Benckiser Group from GBX 5,100 ($65.60) to GBX 5,200 ($66.89) and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,400 ($56.60) price objective on shares of Reckitt Benckiser Group in a report on Monday.

Insider Activity

In other news, insider Kris Licht sold 10,344 shares of Reckitt Benckiser Group stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 4,479 ($57.62), for a total value of £463,307.76 ($595,970.88). In related news, insider Kris Licht sold 10,344 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 4,479 ($57.62), for a total transaction of £463,307.76 ($595,970.88). Also, insider Tamara Ingram acquired 350 shares of Reckitt Benckiser Group stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of GBX 4,509 ($58.00) per share, with a total value of £15,781.50 ($20,300.36). 0.07% of the stock is owned by corporate insiders.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.