Colgate-Palmolive (India) lost 0.38% to Rs 1,349 at 13:16 IST on BSE as the stock turned ex-dividend today, 2 April 2014, for third interim dividend of Rs 9 per share for the year ended 31 March 2014.
Meanwhile, the S&P BSE Sensex was up 58.94 points or 0.26% at 22,505.38.
On BSE, so far 1.33 lakh shares were traded in the counter as against average daily volume of 8,202 shares in the past one quarter.
The stock hit a high of Rs 1,366 and a low of Rs 1,347 so far during the day. The stock had hit a 52-week high of Rs 1,555 on 16 May 2013. The stock had hit a 52-week low of Rs 1,190.05 on 28 August 2013.
The stock had underperformed the market over the past one month till 1 April 2014, advancing 3.15% compared with the Sensex's 6.28% rise. The scrip had also underperformed the market in past one quarter, declining 0.56% as against Sensex's 6.18% rise.
The large-cap company has equity capital of Rs 13.60 crore. Face value per share is Re 1.
Before turning ex-dividend, the stock offered a dividend yield of 0.66% based on the closing price of Rs 1,354.15 on Tuesday, 1 April 2014.
Colgate-Palmolive (India)'s net profit rose 1.6% to Rs 112.83 crore on 15.9% growth in net sales to Rs 883.98 crore in Q3 December 2013 over Q3 December 2012.
Colgate-Palmolive (India) is India's leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the Colgate brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. These have become an essential part of daily oral hygiene and therapeutic oral care in India. The Company also provides a range of personal care products under the 'Palmolive' brand name.
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