"At the meeting held today, the Board declared a Second Interim Dividend for the financial year 2015-16 of Rs 3 per share," Colgate-Palmolive said in a BSE filing.
The dividend payout to shareholders will be Rs 98.2 crore, the company added.
Earlier this month, the company had declared first interim dividend of Rs 4 per share.
Colgate-Palmolive's oral care range includes toothpastes, tooth powder, toothbrushes and mouthwashes under the 'Colgate' brand.