Colgate approves third interim dividend for current fiscal

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Colgate Palmolive India today said its board has approved a third interim dividend of Rs 9 per share of Re 1 for the current financial year.

The board of directors of the company at its meeting held today has declared a third interim dividend of Rs 9 per equity share of Re 1 for the financial year ending March 31, 2014, Colgate Palmolive India said in a filing to the BSE.

The said interim dividend will be paid on the paid-up equity share capital of Rs 13.60 crore involving a total pay-out of Rs 143.20 crore, it added.

The said interim dividend declared by the board will be paid on April 16, 2014 to those shareholders whose names appear on the register of members of the company on April 3, 2014, it said.

"Including the first and second interim dividends of Rs 9 per share each paid in November and December 2013, respectively, the company has declared a total interim dividend of Rs 27 per share for the financial year 2013-14," the company said.

The company sells a range of oral care products in the country, including toothpastes, toothbrushes and mouthwashes under the Colgate brand. It also provides a range of personal care products under the Palmolive brand.

Colgate Palmolive India's share today closed at Rs 1,359.85 on the BSE, down 0.24 per cent from its previous close.

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