Reckitt Benckiser Half-Year Report posted on Company News.

[idpickering]

Here; viewtopic.php?p=430632#p430632

RB. were a darling of my HYP years ago, but no more, but I'm sure some HYPers still have it on board.

The item includes this;

Dividends

The Board of Directors recommends an interim 2021 dividend of 73.0 pence (2020: 73.0 pence), consistent with its policy and guidance from February 2020. The ex-dividend date will be 5 August 2021 and the dividend will be paid on 15 September 2021 to shareholders on the register at the record date of 6 August 2021. The last date for election for the share alternative to the dividend is 24 August 2021

Ian.

[Arborbridge]

Here; viewtopic.php?p=430632#p430632

RB. were a darling of my HYP years ago, but no more, but I'm sure some HYPers still have it on board.

The item includes this;

Dividends

The Board of Directors recommends an interim 2021 dividend of 73.0 pence (2020: 73.0 pence), consistent with its policy and guidance from February 2020. The ex-dividend date will be 5 August 2021 and the dividend will be paid on 15 September 2021 to shareholders on the register at the record date of 6 August 2021. The last date for election for the share alternative to the dividend is 24 August 2021

Ian.

RKT going through the mill with the price drop this morning. I've often looked at this company and thought, it's not really doing the HYP business generating, so little in the way of income - but everyone seems to think it is really solid, so leave it be. The yield having risen to 3% prevents it from being axed on a technicality in my HYP - saved but not for the right reasons! Ah well! Let it be for the moment.

I remember a couple of decades ago, Reckitt went through a bad patch, but recovered.

Arb.

[tjh290633]

RKT going through the mill with the price drop this morning. I've often looked at this company and thought, it's not really doing the HYP business generating, so little in the way of income - but everyone seems to think it is really solid, so leave it be. The yield having risen to 3% prevents it from being axed on a technicality in my HYP - saved but not for the right reasons! Ah well! Let it be for the moment.

I remember a couple of decades ago, Reckitt went through a bad patch, but recovered.

Arb.

First of all, they have not reduced their dividend. They have stated that they are holding it at this level until it is twice covered.

· H1 2021 dividend recommended to be 73.0p, in line with H1 2020, reflecting our policy of sustaining 2019 levels to rebuild cover to two times.

An 8% fall on results seems to be about par for the course these days. Cut the dividend and the odds are that the price will go up. However this is a bumper week for results, so no doubt there will be lots of perverse reactions to discuss.

TJH

[Arborbridge]

RKT going through the mill with the price drop this morning. I've often looked at this company and thought, it's not really doing the HYP business generating, so little in the way of income - but everyone seems to think it is really solid, so leave it be. The yield having risen to 3% prevents it from being axed on a technicality in my HYP - saved but not for the right reasons! Ah well! Let it be for the moment.

I remember a couple of decades ago, Reckitt went through a bad patch, but recovered.

Arb.

First of all, they have not reduced their dividend. They have stated that they are holding it at this level until it is twice covered.

· H1 2021 dividend recommended to be 73.0p, in line with H1 2020, reflecting our policy of sustaining 2019 levels to rebuild cover to two times.

An 8% fall on results seems to be about par for the course these days. Cut the dividend and the odds are that the price will go up. However this is a bumper week for results, so no doubt there will be lots of perverse reactions to discuss.

TJH

On the other hand, I don't see it as a tempting topup target, do you?

[idpickering]

RKT going through the mill with the price drop this morning. I've often looked at this company and thought, it's not really doing the HYP business generating, so little in the way of income - but everyone seems to think it is really solid, so leave it be. The yield having risen to 3% prevents it from being axed on a technicality in my HYP - saved but not for the right reasons! Ah well! Let it be for the moment.

I remember a couple of decades ago, Reckitt went through a bad patch, but recovered.

Arb.

First of all, they have not reduced their dividend. They have stated that they are holding it at this level until it is twice covered.

· H1 2021 dividend recommended to be 73.0p, in line with H1 2020, reflecting our policy of sustaining 2019 levels to rebuild cover to two times.

An 8% fall on results seems to be about par for the course these days. Cut the dividend and the odds are that the price will go up. However this is a bumper week for results, so no doubt there will be lots of perverse reactions to discuss.

TJH

On the other hand, I don't see it as a tempting topup target, do you?

No. If I had it I’d stick though.

Ian.

[MDW1954]

There are some very odd comments in this thread!

Apart from the last year, RKT has consistently increased its income, year after year. Post-pandemic, plenty of companies stopped paying altogether, or massively cut them. And we're complaining about a held dividend???!

In FY 2013, which is when I think I bought in, RKT paid a dividend of 134p. Now, it's 174.6p. That's a 3.4% CAGR -- decent enough for me.

As an income-generator, RKT is superb. We might not like the yield, but that's a function of the share price growth, not the income.

MDW1954

[Arborbridge]

There are some very odd comments in this thread!

Apart from the last year, RKT has consistently increased its income, year after year. Post-pandemic, plenty of companies stopped paying altogether, or massively cut them. And we're complaining about a held dividend???!

In FY 2013, which is when I think I bought in, RKT paid a dividend of 134p. Now, it's 174.6p. That's a 3.4% CAGR -- decent enough for me.

As an income-generator, RKT is superb. We might not like the yield, but that's a function of the share price growth, not the income.

MDW1954

I'm not complaining about a held dividend: just saying that the income provided, even given all the years of increases, doesn't amount to a hill of beans I could live on unless I doubled my capital

Sometimes, when I write up my RKT income I wonder if it earns its keep in my portfolio. Of course, I could double my investment then the amount would seem worth the effort, but that is unlikely to happen when I can always buy twice the yield elsewhere. RKT is always dependable, but always too little. When RKT's yield is as good as it gets, I might dip a toe in further. That hasn't happened yet.

Arb.

[ReformedCharacter]

I've held since 2011 and my holding shows an IRR of 8.85%, better than some I have.

RC

[tjh290633]

First of all, they have not reduced their dividend. They have stated that they are holding it at this level until it is twice covered.

· H1 2021 dividend recommended to be 73.0p, in line with H1 2020, reflecting our policy of sustaining 2019 levels to rebuild cover to two times.

An 8% fall on results seems to be about par for the course these days. Cut the dividend and the odds are that the price will go up. However this is a bumper week for results, so no doubt there will be lots of perverse reactions to discuss.

TJH

On the other hand, I don't see it as a tempting topup target, do you?

No, but neither is it a sell. The dividend would have to rise a bit before it ranked as a buy.

TJH

[Arborbridge]

I've held since 2011 and my holding shows an IRR of 8.85%, better than some I have.

RC

Indeed - that's the main reason for keeping it. Over 10% in my case from 2010, and if was happy to have that income in 2010, I ought to be just as happy now when it's 50% higher in cash terms.

That's the argument for the defence, but we all know the prosecution case. Being a HYPer with sufficient income, I won't be selling anyhow.

Arb.

[ADrunkenMarcus]

I bought RB. (now RKT) way back in 2011 at what was then an approximate 3.6% dividend yield. It's going through a tough patch but you could do far worse!

Best wishes

Mark.

[monabri]

RKT's C.F.O. has made a largish (£570k) top up...!

https://www.investegate.co.uk/reckitt-b ... 000027502G

[monabri]

I reviewed my ITV shareholding this morning. In terms of capital I'm ~10% down after dividends are taken into account over the last 4 years and there is no further dividend until mid 2022.

I then looked at RKT with a dividend of just over 3%. I thought to myself....."which share would I rather be in, ITV or RKT?"

I see Terry Smith recently decided to sell out of Reckitt for reasons mentioned above. My line of reasoning (rightly or wrongly) is that Smith's "seconds" are most likely to be better than my choices. RKT doesn't suddenly become a bad company and TS's sale was opportunistic, taking advantage of RKT's Covid induced share price rise! With the recent reversal in RKT's share price I thus elected to sell my ITV shares and redeploy into RKT (in time for the next XD).

[Wasron]

I also took the plunge with RKT today, with an initial purchase of 70% of my median holding’s value.

I’ll gradually add to that over the next few months, unless a price recovery takes the holding value up to the median by itself.

Wasron