Reckitt Benckiser Makes History Highest-ever Dividend

Saiyara Mahjabin, 2 years ago 0 2 min read 63

A subsidiary of the franchise, Reckitt Benckiser, Bangladesh, has announced its dividend recently, and it is said to be the highest-ever. The company which produces hygiene products, is one of the leading producers. This has boosted its growth to an astounding record profit. This has made history, since it is the highest-ever dividend in capital market history!

Reckitt Benckiser Makes History: Highest-ever Dividend

Covid-19 has driven us all into staying indoors but what it has made us more prone to is buying more and more hygiene products. This has jumpstarted a major boost in businesses that produce such products.

Reckitt Benckiser has declared their statement and in 2020 it has shown an increase of 19% in shares than 2019. In the financial year 2020, the company has shown 1400% cash dividend. On the other hand, the cash dividend was 1250% in the financial year 2019.

According to the market analyst,

“It is also the highest-ever dividend payout in the capital market history for an individual company so far.”

Reckitt Benckiser had shown a great performance in terms of supply and production during the time when the pandemic first hit the country. People were stocking up on different kinds of disinfectants and hygiene products. According to the firm’s insiders official, people have been drawn more to stock on Lysol and Dettol soaps. The negative impact of Covid-19 pandemic has shown disinfectant businesses a rise in profit margins.

Impact on stock market

The total share of the company is divided between- The Bangladesh government (3.77%), Reckitt Benckiser Group PLC (82.96%), General investors (6.43%), Institutional investors (3.75%), and Foreign investors (3.09%)

Naturally, Reckitt Benckiser, Bangladesh, has top most priority in the stock market right now. Among the companies listed in the stock market, presently, Reckitt Benckiser holds the highest value. Although, the price per share has fallen by 1.53% as of last Thursday. The price has last been noted at the Dhaka Stock Exchange for BDT 4,613.90.

You can check out more about the company at their website here.