- British consumer staples firm Reckitt Benckiser was a beneficiary of the cleaning and hygiene trends brought on by COVID.
- The associated sales boom took some of the weight off issues that predate the pandemic and saw the dividend frozen.
- Margins will be relatively depressed in FY21, but medium-term guidance of 7-9% earnings growth was affirmed.
- At 6,355p, the shares trade on a P/E of 21 and offer a 2.75% dividend yield. The stock can deliver good long-term returns from that level.
For further details see:
Reckitt Benckiser Can Still Be A Solid Dividend Growth Stock