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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group plc has completed the second tranche of its £1 billion 2024 share buyback program, purchasing over 5 million shares. With the third tranche set to begin, Reckitt plans to return an additional £500 million to shareholders, thereby reducing its share capital, and has engaged HSBC to manage the process. This buyback initiative underscores Reckitt’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Reckitt
Reckitt, known for its commitment to creating a cleaner, healthier world, operates in the hygiene, health, and nutrition sectors. It manages some of the world’s most trusted consumer brands, including Dettol, Durex, and Lysol, and its products are purchased by over 20 million people globally each day.
YTD Price Performance: -8.40%
Average Trading Volume: 1,842,418
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £32.57B
See more data about RKT stock on TipRanks’ Stock Analysis page.
