Shares of Colgate Palmolive (India) Ltd. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
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Colgate Palmolive's board announced a second interim dividend of Rs 27 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 28.
The dividend will be paid on and from June 16, 2025, to those shareholders whose names appear in the register of members of the company as on the record date.
Together, with the interim dividend of Rs 24 declared by the board on Nov. 4, the total dividend for the financial year 2025 would be Rs 51 per share.
In comparison, the company had issued an interim dividend of Rs 26 apiece on May 22, 2024, along with a special dividend of Rs 10 and an interim dividend of Rs 22 on Nov. 6, 2023.
Given India's T+1 settlement cycle, shares purchased on the record date (May 28 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 27 will be the beneficiaries.
Colgate-Palmolive's net profit fell 6.5% in the fourth quarter of financial year 2025 but met analysts' estimates.
The consolidated bottom-line of the toothpaste maker fell to Rs 355 crore in the January-March quarter, according to an exchange filing on Wednesday. That compares with the Rs 361-crore consensus estimate of analysts tracked by Bloomberg.
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