Colgate-Palmolive Rs. 18 Interim Dividend Ex-date In 2 Days, 'Add' Stock?

Leading FMCG Stock, operating in India, Colgate-Palmolive is offering an Interim Dividend of Rs. 18/Share. Its ex-record date is in two days, on October 31, 2022, and its record date has been fixed to be on November 1, 2022. Leading brokerage firm HDFC Securities recommends investors to add this stock.

The company informed the stock exchanges that the board has declared "a First Interim Dividend of Rs. 18/- (Rupees Eighteen Only) per equity share of Re.1/- (face value) for the financial year 2022-23. The said interim dividend will be paid on and from November 16, 2022 to those shareholders whose names appear in the Register of Members of the Company as on the Record date i.e. November 1, 2022."

"We expect revenue to grow by 3% YoY, with 2% YoY volume decline (three-year CAGR at +1%). We model GM to contract by 63bps YoY to 66.2%. The EBITDA margin is expected to remain flat YoY to 29.6%. EBITDA to grow by 3% YoY," HDFC Securities said.

Colgate-Palmolive - stock performance

In the last 6 months its share price fell by 1.06%, in the last 1 year its share price has gained by 6.44%. However, in the last 5 years its share price gained by 57.14%. As a largecap stock, its long term returns are better.

The 52-week high level of this stock is Rs. 1,695.95, and the 52-week low level of this stock is Rs. 1,375.60. This small-cap company has a market capitalization of Rs. 44,184 crore.

According to data available with NSE, in Q1 FY23, this large cap company's Total Income stood at Rs. 1,39,876 lakh, as against Rs. 1,20,835 lakh in the previous quarter.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.