Colgate Palmolive declares 1st interim dividend of 900%

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. 

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