Dhaka, Bangladesh (BBN) – Reckitt Benckiser (BD) has recommended 515 percent final cash dividend in addition to 275 percent interim cash dividend which has already been paid.
Thus full year dividend is aggregating to 790 percent cash dividend for the year ended on December 31 in 2017, said an official disclosure on Thursday.
The board of directors of the multinational company will hold the annual general meeting (AGM) at 10:30am in The Peninsula Chittagong Limited of Chittagong on June 25.
The record date is on May 24.
The company has also reported earnings per share (EPS) of BDT 80.63, net asset value (NAV) per share of BDT 64.28 and net operating cash flow per share (NOCFPS) of BDT 93.37 for the year ended on December 31, 2017 as against BDT 62.66, BDT 50.02 and BDT 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 BDT 7.34 for January-March, 2018 as against BDT 11.54 for January-March, 2017.
The NOCFPS was BDT 7.27 for January-March, 2018 as against BDT 5.07 for January-March, 2017. NAV per share was BDT 68.89 as on March 31, 2018 and BDT 61.55 as on March 31, 2017.
The company has noted that revenue growth for the Q1 quarter was only 0.60 percent compared to same period in the previous year due to muted market growth in some key segments.
Also operating profit declined because of low topline 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 BDT 1,916.20 on Monday last.
BBN/SS/AD
