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

Reckitt Benckiser Group plc (LON:RKT) announced a dividend on Wednesday, July 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 1st will be given 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 of this dividend is Thursday, August 1st. The official announcement can be seen at this link.

Reckitt Benckiser Group Stock Up 2.5 %

RKT opened at GBX 4,195 ($53.96) on Tuesday. Reckitt Benckiser Group has a twelve month low of GBX 4,034 ($51.89) and a twelve month high of GBX 6,006 ($77.26). The company’s 50-day moving average price is GBX 4,381.97 and its two-hundred day moving average price is GBX 4,756.45. The stock has a market cap of £29.54 billion, a price-to-earnings ratio of 1,803.08, a PEG ratio of 1.64 and a beta of 0.06. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 100.80.

Analysts Set New Price Targets

Several research firms recently commented on RKT. 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 research note on Monday. HSBC reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research report on Thursday, April 18th. Finally, Berenberg Bank boosted their price objective on Reckitt Benckiser Group from GBX 5,100 ($65.60) to GBX 5,200 ($66.89) and gave the company a “hold” rating in a research note on Wednesday, July 24th.

Insider Buying and Selling

In other Reckitt Benckiser Group news, insider Tamara Ingram bought 350 shares of the stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of GBX 4,509 ($58.00) per share, with a total value of £15,781.50 ($20,300.36). In related news, insider Tamara Ingram bought 350 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of GBX 4,509 ($58.00) per share, for a total transaction of £15,781.50 ($20,300.36). Also, insider Kris Licht sold 10,344 shares of the company’s stock in a transaction dated 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). 0.07% of the stock is owned by 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.