Colgate Palmolive declares 1st interim dividend of 900%

>> Friday, December 5, 2008

Colgate Palmolive India, leading manufacturer of tooth paste today announced on Friday the board of directors of the company declared first interim dividend of 900% or Rs 9 for each equity share of Re 1 for the financial year ending Mar. 31, 2009. 

The company disclosed that the said interim dividend would be distributed on the paid-up equity share capital of Rs 136 million involving a total pay-out of Rs 1,432 million. The total pay out figure of Rs 1,432 million, according to the company also included dividend distribution tax.

The company manufactures a range of consumer products marketed under the Colgate and Palmolive brand names. 


stockezy December 6, 2008 at 5:37 AM  

so basically you will see the stock price take a hit, due to the dividend payout. But in this market situation, Colgate will come out as a company of trust whose management does deliver for its shareholders. So the pullback can be seen as an opportunity to buy.