Colgate Palmolive to pay interim dividend of Rs 3 per share

FMCG firm Colgate Palmolive (India) Ltd declared an interim dividend of Rs 3 per equity share of Rs 1 each for the financial year 2015-16.

"The Board of Directors of the company at its meeting held on March 28, 2016, has declared a third interim dividend of Rs 3 per equity share of Rs 1 for the financial year ending March 31, 2016," Colgate Palmolive said in a BSE filing.

The said interim dividend will be paid on the paid-up equity share capital of Rs 27.20 crore involving a total payout of Rs 98.20 crore.

The company had declared the first interim dividend of Rs 4 per share in November and second (interim dividend) of Rs 3 per share in December 2015.

Shares of Colgate Palmolive were down over 2% on the BSE. However, at 1514 hours, the company's shares recovered slightly but were still trading down 1.81% or Rs 15.25 lower at Rs 825.30 per shares.