Colgate announces first interim dividend

The board of Colgate-Palmolive (India) Ltd, the leading oral care company, has declared a first interim dividend for the financial year 2012-13 of Rs 13 a share of Re 1 each (face value), against its first interim dividend of Rs 8 for the year 2011-12. The dividend payout to the shareholders will be Rs 205.5 crore (inclusive of the dividend distribution tax of Rs 28.7 crore) and will be paid on October 19, to those shareholders whose names are on the Register of Members of the Company as on October 3, the company has said. For the financial year ended March 31, 2012, the company had declared a total dividend of Rs 25 a share. The company has been reporting strong double-digit volume growth for many quarters, with analysts expecting its new categories such as sensitive toothpaste and mouthwash set to enhance growth.