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.
1 comments:
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.
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