Rs 36 Dividend In 2024: FMCG Major To Consider Dividend On Oct 24, Record Date Revealed

Large cap FMCG major Colgate-Palmolive India Ltd shares today slipped sharply by 3.68% on BSE. Last trading price of Colgate-Palmolive India shares on BSE is Rs 3366.50 per share. The company's market capitalisation is Rs 91,563.96 crore. Colgate-Palmolive's ROE stood at 75.44 and PE at 64.76. Colgate-Palmolive India shares offered attractive returns of 114% in last 2-years.

The company in March 2024 declared an eye-catching second interim dividend of Rs 26/- per equity share of Re 1/- each and a one-time special interim dividend of Rs 10/- each per equity share of Re 1/- each on robust financial performance. Colgate shares traded ex-dividend on May 22, 2024 for Rs 36/share. Check key details below:

Colgate-Palmolive India To Consider Results, Interim Dividend: As per the regulatory filing of Colgate-Palmolive India dated October 17, 2024, "we wish to inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, October 24, 2024, inter alia, to approve and take on record the Unaudited Financial Results for the second quarter and half year ended September 30, 2024, and to consider the declaration of interim dividend (if any)."

Further, the Company has fixed November 04, 2024 as the record date for payment of aforesaid dividend, if declared by the Board of Directors in the said meeting.

Colgate-Palmolive India Shares Performance: The 52-week high price of Colgate-Palmolive India shares on BSE is Rs 3893.00 per share (as on 04/10/2024) and 52-week low price is Rs 2003.65 per share (as on 27/10/2023), respectively. Colgate-Palmolive India shares surged 25% in last 6-months, rose 36% in 2024, gained 63% in last 1-year, and offered return of 100% in last 3-years.

Colgate Dividend History: Colgate-Palmolive (India) recommended 63 dividends since July 25, 2001. In last 1-year, Colgate-Palmolive (India) announced an equity dividend amounting to Rs 58.00 per share. At the current share price of Rs 3366.50, Colgate-Palmolive dividend yield is 1.72%.

Colgate-Palmolive India Previous Results: Colgate-Palmolive India declared a jump of 20.11% in its consolidated net profit for the March 2024 quarter to Rs 379.82 crore as against the year-ago period. LIC has stake of 1.15% in Colgate-Palmolive as it holds 3,129,929 shares of the FMCG firm. Colgate-Palmolive India Ltd declared a jump of 10.4% YoY in its revenue for March quarter to Rs 1,481 crore. The company's profit before interest, depreciation and tax surged 17.5% to Rs 554.8 crore for the January-March quarter. During the quarter, Colgate Palmolive also invested in advertising and witnessed its ad spends soaring by 18% to Rs 168.9 crore in the quarter.

Colgate-Palmolive Bonus Share History: Colgate-Palmolive (India) offered 1 bonus issue since September 23, 2015. The last Bonus that Colgate-Palmolive (India) declared was in the proportion of 1:1 with ex-bonus date fixed as September 23, 2015.

About: Colgate-Palmolive manufactures and distributes consumer products. The company operates via personal, oral, home care and pet nutrition segments. The small soap and candle business that William Colgate began in New York City early in the 19th century is now, more than 200 years later, a global company serving hundreds of millions of consumers worldwide.

Disclaimer: The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.