Dhaka, April 1 -- UK-based multinational company Reckitt Benckiser Bangladesh declared a 550% cash dividend to its shareholders for the calendar year 2023, the a lowest in a decade.
In 2021, it had paid the highest ever 1,650% cash dividend in its history. One year later, its cash dividend payout dropped to 980%.
Last year the company declared a lower dividend, despite achieving more than 24% year-on-year growth in profit.
In 2023, Reckitt Benckiser Bangladesh's earnings per share jumped to Tk173.65 from Tk139.50 a year ago, according to its earnings disclosure.
The will distribute 32% profit as dividend to its shareholders for the last year.
The company successfully reduced administrative and marketing expenses significantly to mainta...