This dividend-king stock, which declared 4,000 per cent dividend in FY22, may surprise investors soon!

The stock has a track record of paying consistent dividends. It has consistently declared dividends for the last five years and so far, declared 57 dividends since July 2001.  

Colgate-Palmolive India Ltd, which is engaged in the manufacturing/trading of toothpaste, toothpowder, toothbrush, mouthwash, and other personal care products, is a household name in India.    

The stock has a track record of paying consistent dividends. It has consistently declared dividends for the last five years and so far, declared 57 dividends since July 2001.    

For the financial year 2021-22, the company’s board of directors declared two interim dividends, aggregating to Rs 40 per equity share. The first interim dividend of Rs 19 per equity share was declared on October 25, 2021, and paid on & from November 22, 2021. Besides, the second interim dividend of Rs 21 per equity share was declared on April 28, 2022, and paid on & from May 25, 2022.   

The company has informed that a meeting of its board of directors will be held on October 20 (Thursday) to approve and take on record the unaudited financial results for the quarter that ended September 30, 2022, as well as to consider the declaration of interim dividend (if any).   

Further, the company has fixed November 1, 2022, as the record date for the payment of the aforesaid interim dividend if declared by the board of directors at the said meeting.  

For the year ending March 2022, Colgate-Palmolive (India) has declared an equity dividend of 4,000 per cent, amounting to Rs 40 per share. At the current share price of Rs 1,579.45, this results in a dividend yield of 2.53 per cent.  

Hence, this stock demands special attention as the company may surprise investors with a hefty dividend announcement at its board of directors’ meeting, which is scheduled on October 20, 2022.