Rs 43 Dividend, 1:1 Bonus: LIC-Backed FMCG Firm Sets May 23 As Record Date For Dividend

Large cap FMCG major Colgate-Palmolive will hold meeting of Board of Directors on May 14, 2024 to consider financial results and recommend dividend, if any. Last trading price of Colgate-Palmolive share on BSE is Rs 2791.35 per share with intraday fall of 0.71%. Colgate-Palmolive share offered return of 77% in last 1-year. LIC has stake of 1.79% in Colgate-Palmolive as it holds 4,864,577 shares of the FMCG firm. Colgate-Palmolive declared a dividend of amounting Rs 43 per share in last 12 months and recommended bonus share once in the proportion of 1:1 in 2015. More details below:

Colgate-Palmolive Sets Record Date For Dividend: As per the regulatory filing of Colgate-Palmolive dated May 3, 2024, "we wish to inform you that a Meeting of the Board of Directors of the Company will be held on Tuesday, May 14, 2024, inter alia, to approve and take on record the Audited Financial Results for the quarter and year ended March 31, 2024 and to consider the declaration of dividend (if any). Further, the Company has fixed Thursday, May 23, 2024 as the record date for payment of aforesaid dividend that may be declared by the Board of Directors in the said meeting."

Colgate-Palmolive Share Performance: The 52-week high price of Colgate-Palmolive shares on BSE is Rs 2875.00 per share (as on 29/04/2024) and 52-week low price is Rs 1562.40 per share (as on 05/05/2023), respectively. Its market capitalisation is Rs 76,162.78 crore. Colgate-Palmolive has a PE of 60.44 and ROE of 71.46. Colgate-Palmolive shares fell over 1% in last 1-week, gained 33% in last 6-months, soared 77% in last 1-year, and offered return of 88% in last 3-years. In last 5-years, Colgate-Palmolive shares gave return of 139%.

Colgate-Palmolive India Dividend History: Colgate-Palmolive (India) announced 61 dividends since July 25, 2001. In last 12 months, Colgate-Palmolive (India) announced an equity dividend amounting to Rs 43.00 per share. If current share price of Rs 2791.35 is taken into consideration, Colgate-Palmolive (India) offers a dividend yield of 1.54%.

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.

Colgate-Palmolive Shareholding: Promoters holding remains unchanged at 51.00% in March 2024 quarter. FII/FPI have decreased holdings from 24.62% to 24.51% in March 2024 quarter. Number of FII/FPI investors increased from 862 to 872 in March 2024 quarter. Mutual Funds have increased holdings from 2.82% to 3.10% in March 2024 quarter. Institutional Investors have increased holdings from 30.50% to 30.61% in March 2024 quarter. Life Insurance Corporation Of India (LIC) has 1.79% stake in Colgate-Palmolive (India) as the PSU giant holds 4,864,577 shares of the FMCG company, according to Trendlyne.

Colgate-Palmolive Financials: Colgate-Palmolive India Ltd announced a jump of 35.71% in its net profit to Rs 330.11 crore for the quarter ended December 31, 2023 pushed by double digit growth in the toothpaste segment. The company has announced its net profit at Rs 243.24 crore in the corresponding quarter of last year, as per its BSE filing. The company witnessed a surge of 8.21% in its sales to Rs 1,386.41 crore for Q3 of the current fiscal as against Rs 1281.21 crore reported in the similar quarter of last year. Colgate-Palmolive declared its expenses at Rs 970.14 crore, slightly down during the quarter under review. Meanwhile total income for the quarter under consideration declared at Rs 1,413.54 crore, up 8.6%.

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 just 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.