Colgate-Palmolive (India) said Monday its board declared a second interim dividend for the financial year 2014-15 of Rs 8 a share of Re 1 each (face value). The dividend payout to the shareholders will be Rs 1.30 billion (inclusive of the dividend distribution tax of Rs 218 million) and will be paid on Dec. 29, 2014 to those shareholders whose names are on the register of members of the company as on Dec. 16, 2014.
Including the first interim dividend of Rs 8 a share paid in Oct. 2014, the company has declared a total interim dividend of Rs 16 a share for the eight months up to November 2014.
Colgate-Palmolive (India) is India's leading provider of oral care products. 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.
Shares of the company declined Rs 39.6, or 2.07%, to settle at Rs 1,872.50. The total volume of shares traded was 10,107 at the BSE (Monday).