Colgate Palmolive surges on interim dividend plan
The board of directors of the company will meet on March 25, to consider declaration of third interim dividend for the year 2012-13
Colgate Palmolive (India) has surged 5% to Rs 1,370, extending its Friday’s 2.2% gain, in an otherwise weak market after the company said that its board will consider payment of interim dividend for the year 2012-13.
“The board of directors of the company will meet on March 25, to consider declaration of third interim dividend for the year 2012-13,” Colgate Palmolive (India) said in a statement.
The company have fixed April 5, 2013 as the record date for payment of third interim dividend, it added.
The personal products maker had recently sold factory building at Hyderabad along with fixtures and fittings for a total consideration of Rs 1.6 crore.
The stock opened at Rs 1,309 and touched high of Rs 1,371 on NSE. A combined 72,015 shares have changed hands on the counter till 1028 hours on BSE and NSE.
“The board of directors of the company will meet on March 25, to consider declaration of third interim dividend for the year 2012-13,” Colgate Palmolive (India) said in a statement.
The company have fixed April 5, 2013 as the record date for payment of third interim dividend, it added.
The personal products maker had recently sold factory building at Hyderabad along with fixtures and fittings for a total consideration of Rs 1.6 crore.
The stock opened at Rs 1,309 and touched high of Rs 1,371 on NSE. A combined 72,015 shares have changed hands on the counter till 1028 hours on BSE and NSE.