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Thursday, Dec 04, 2003

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Spl dividend from Colgate-Palmolive

Our Bureau

Mumbai , Dec. 3

THE board of directors of Colgate-Palmolive on Wednesday announced a dividend of 25 per cent, consisting of a second interim dividend of 12.5 per cent for year 2003-2004 and a one-time "special" dividend of 12.5 per cent, in commemoration of the 25th anniversary of the company's initial public issue.

The company's maiden public issue was made in December 1978.

The company had paid out a first interim dividend of 22.5 per cent for the current financial year in September 2003. With Wednesday's dividend, Colgate-Palmolive's aggregate dividend to shareholders for the year stands at 47.5 per cent, or Rs 4.75 per share.

The dividend currently declared by the board will be payable on or about December 24, 2003, to those shareholders whose names appear on the register of members of the company on December 17.

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