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Colgate Palmolive Declares 900% Third Interim Dividend For FY13

Colgate Palmolive (India) Ltd. said its board had declared an interim dividend of 900 percent or Re.9.00 per equity share of Rs.1 each for the fiscal year 2013.

The company fixed April 5 as the Record Date for the purpose of payment of interim dividend and it will be paid on April 19, 2013.

The company reported third-quarter net profit of Rs.111 crore, compared with Rs.116 crore in the third-quarter of last year, reflecting a four percent decline. Total income increased by 14 percent to Rs.796 crore from the Rs.701 crore in the year-ago quarter.

At the BSE, Colgate Palmolive (India) shares are currently trading at Rs.1,291, down 1.40 percent from the previous close.

by RTTNews Staff Writer

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