Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Announces Dividend of $0.29

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) announced a dividend on Saturday, March 15th, NASDAQ Dividends reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.2909 per share on Thursday, June 5th. The ex-dividend date is Friday, April 11th. This is a 51.9% increase from Reckitt Benckiser Group’s previous dividend of $0.19.

Reckitt Benckiser Group Stock Performance

Shares of OTCMKTS:RBGLY traded down $0.23 on Friday, hitting $13.33. The company had a trading volume of 321,920 shares, compared to its average volume of 311,617. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 0.97. Reckitt Benckiser Group has a 52-week low of $10.24 and a 52-week high of $14.10. The business has a 50 day moving average of $12.98 and a 200 day moving average of $12.47.

Wall Street Analyst Weigh In

RBGLY has been the topic of several recent research reports. HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating on shares of Reckitt Benckiser Group in a research report on Friday, March 7th. Barclays downgraded Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Reckitt Benckiser Group Company Profile

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.