Colgate Palmolive (India) drops ex-dividend

Meanwhile, the BSE Sensex was down 126.81 points, or 0.82% to 15,252.53.

On BSE, 5,616 shares were traded in the counter as against average daily volume of 13,781 shares in the past one quarter.

The stock hit a high of Rs 1,004.85 and a low of Rs 992 so far during the day. The stock had hit a record high of Rs 1,084.30 on 4 November 2011. The stock had hit a 52-week low of Rs 783.20 on 2 February 2011.

The stock had outperformed the market over the past one month till 19 December 2011, rising 0.1% compared with Sensex's 6.06% decline. The scrip had also outperformed the market over the past one quarter, gaining 1.99% as against Sensex's 8.16% fall.

The large-cap dental care products maker has an 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 0.89% based on the closing price of Rs 1,007.85 on Monday, 19 December 2011.

Colgate Palmolive (India)'s net profit fell 0.6% to Rs 99.68 crore on 19.1% growth in net sales to Rs 657.24 crore in Q2 September 2011 over Q2 September 2010.

Colgate Palmolive (India) is a leading FMCG company in the oral care business.

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