DSIJ Mindshare

The 2100 per cent Dividend Stock: Is It in Your Portfolio?

Colgate's background, the importance of dividends, its historical dividend performance, and the factors influencing the company's dividend decision.

Gaurav Taparia 0 6276 Article rating: 4.1

Colgate-Palmolive is a global consumer goods company with a strong track record of dividend payments. However, the company's payout ratio is currently at 1.06, which is concerningly high. This suggests that Colgate-Palmolive may not be able to sustain its current dividend policy in the long term. Investors should carefully consider this risk before investing in the company.

Stock below Rs 60: Company declares a dividend of 2.5 per cent for the first time ever; with Rs 250 crore order book!

The stock is up by 70 per cent in 2 years and gave multibagger returns of over 160 per cent in 3 years.

Kiran Shroff 0 12053 Article rating: 3.9

Additionally, the company announced quarterly results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23. 

Bonus Shares & Dividend: Multibagger company sets sights on Rs 3 crore investment in game-changing agreement!

The shares have a PE of 67.96x, a ROE of 20 per cent and a ROCE of 23 per cent.

Kiran Shroff 0 7094 Article rating: 3.7

The stock is up by 6 per cent in just 5 days, up by 37 per cent year to date and gave multibagger returns of over 155 per cent in 3 years.   

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