Business

This stock announced a dividend of ₹40 last year. Will it surprise shareholders again?


Colgate Palmolive India stock is one of the dividend-paying stocks on Dalal Street, having consistently paid dividends to shareholders over the past five financial years. During the last fiscal year, this dividend-paying stock has yielded two interim dividends of 19 per equity share and 21 per share of equity in total with an annual dividend of 40 per equity share in fiscal year 22.

Colgate Palmolive’s dividend yield

Since Colgate Palmolive India stock price today is about 1580 on the NSE, the stock’s current dividend yield is around 2.50% [(40 x 100)/1580].

Stocks to consider paying dividends on this date

Shareholders of dividend-paying stocks is waiting for a surprise dividend announcement from the company during the upcoming AGM scheduled for October 20, 2022. In its latest exchange filing to the Indian stock exchanges, Colgate Palmolive India Ltd has announced that The meeting of the Board of Directors of the Company is scheduled for October 20, 2022, in addition, to review and approve the unaudited financial results for the quarter ended September 30, 2022. and consider declaring interim dividends (if any).

Colgate Palmolive dividend record date

Announcing the expected AGM, Colgate Palmolive said, “In accordance with Regulation 29 of the Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, We would like to inform you that a meeting of the Board of Directors of the Company will be held on Thursday, 20 October 2022, in addition, for the approval and receipt of the Financial Results that have not yet been finalized. audited for the quarter ended September 30, 2022 and reviewed the declaration of interim dividends (if any).

The communication exchange also announced the record date for the payment of the dividend and added, “In addition, the Company has set November 1, 2022 as the Record Date for the payment of the aforementioned interim dividend if it is approved. The Board of Directors announced at the aforementioned meeting.”

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