Colgate-Palmolive drops ex-dividend

Meanwhile, the S&P BSE Sensex was down 150.56 points or 0.8% at 18,651.08.

On BSE, 1,727 shares were traded in the counter as against average daily volume of 17,085 shares in the past one quarter.

The stock hit a high of Rs 1,312 and a low of Rs 1,302.95 so far during the day. The stock had hit a 52-week low of Rs 1,098 on 21 June 2012. The stock had hit a record high of Rs 1,580.40 on 1 January 2013.

The stock had outperformed the market over the past one month till 3 April 2013, rising 0.6% compared with the Sensex's 0.62% fall. The scrip had, however, underperformed the market in past one quarter, declining 14.2% as against Sensex's 4.87% fall.

The large-cap company has equity capital of Rs 13.60 crore. Face value per share is Re 1.

Before turning ex-dividend, the stock offered a dividend yield of 0.68% based on the closing price of Rs 1,312 on Wednesday, 3 April 2013.

Colgate-Palmolive (India)'s net profit declined 3.9% to Rs 111.05 crore on 13.9% growth in net sales to Rs 762.68 crore in Q3 December 2012 over Q3 December 2011.

Colgate-Palmolive (India) is India's leading provider of oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the 'Colgate' brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The company also provides a range of personal care products under the 'Palmolive' brand name.

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