Reckitt Benckiser Group Plc (LON:RB) to Issue Dividend of GBX 66.60

Reckitt Benckiser Group Plc (LON:RB) declared a dividend on Monday, July 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 17th will be paid a dividend of GBX 66.60 ($0.87) per share on Friday, September 8th. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, August 17th. The official announcement can be seen at this link.

Shares of Reckitt Benckiser Group Plc (LON RB) traded up 0.56% during midday trading on Friday, reaching GBX 7352.00. The company’s stock had a trading volume of 626,771 shares. The company’s market capitalization is GBX 51.72 billion. The company’s 50-day moving average price is GBX 7,635.84 and its 200 day moving average price is GBX 7,448.62. Reckitt Benckiser Group Plc has a 12-month low of GBX 6,496.00 and a 12-month high of GBX 8,110.43.

Several brokerages have commented on RB. UBS AG set a GBX 7,300 ($95.06) target price on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Tuesday, April 25th. J P Morgan Chase & Co set a GBX 7,200 ($93.76) target price on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Tuesday. Citigroup Inc. set a GBX 8,900 ($115.90) price target on Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Macquarie restated a “buy” rating and issued a GBX 9,000 ($117.20) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC dropped their price target on Reckitt Benckiser Group Plc from GBX 8,200 ($106.78) to GBX 8,150 ($106.13) and set a “hold” rating on the stock in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 8,129.38 ($105.87).

In other news, insider Adrian Bellamy bought 554 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 19th. The shares were purchased at an average cost of GBX 7,607 ($99.06) per share, with a total value of £42,142.78 ($54,880.56).

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About Reckitt Benckiser Group Plc

Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).