Colgate-Palmolive (India) slips ex-dividend

Colgate-Palmolive (India) fell 0.91% to Rs 1,262.45 at 9:38 IST on BSE on turning ex-dividend today, 9 December 2013, for second interim dividend of Rs 9 per share for the year ending 31 March 2014.

Meanwhile, the BSE Sensex was up 320.17 points, or 1.52%, to 21,316.70.

On BSE, 2,124 shares were traded in the counter compared with average volume of 22,695 shares in the past one quarter.

The stock hit a high of Rs 1,287.75 and a low of Rs 1,259.55 so far during the day. The stock hit a record high of Rs 1,580.40 on 1 January 2013. The stock hit a 52-week low of Rs 1,190.05 on 28 August 2013.

The stock had outperformed the market over the past one month till 6 December 2013, rising 2.69% compared with the Sensex's 0.49% rise. The scrip had also outperformed the market in past one quarter, gaining 3.77% as against Sensex's 8.96% rise.

The large-cap company 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 0.71% based on the closing price of Rs 1,274 on Friday, 6 December 2013.

Colgate-Palmolive (India)'s net profit declined 24.51% to Rs 109.52 crore on 16% growth in net sales to Rs 895.70 crore in Q2 September 2013 over Q2 September 2012.

Colgate-Palmolive (India) is India's leading provider of oral care products 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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