Consumer health and hygiene giant Reckitt Benckiser (RKT) has published details of a special dividend and share consolidation.
The firm is returning £1.6 billion of ‘excess capital’ from the sale of its Essential Home portfolio to private equity firm Advent International.
Investors will receive a special dividend of 235p per share, while the firm will reduce the number of shares in circulation by 4% through a 24 for 25 consolidation.
| Price: £60.38 -0.4% | P/E: 17.7x |
| Market Cap: £40.75bn | Yield: 3.5% |
Not new news as such, as the sale of Essential Home was announced back in July 2025 and the size of the special dividend was fairly well known.
It’s worth pointing out though that Reckitt still has an economic interest in Essential Home through its 30% stake in Advent’s special purpose acquisition vehicle.
Last year was a good one for Reckitt shareholders, with the stock putting on roughly 25%, slightly more than the FTSE 100.
Read the press release here: https://www.reckitt.com/investors/
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