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Shares of Colgate-Palmolive (India) turns ex-dividend on Wednesday. The board of directors had approved ₹8 a share as the third interim dividend for 2014-15. The FMCG major will pay the dividend on April 22. Beginning Wednesday, the share price will reflect the dividend payout. Those buying the shares from Wednesday will not receive the dividend. Over 1.3 lakh retail investors hold 20.14 per cent stake in the company. It has already paid ₹16 as dividend for 2014-15.
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