Colgate-Palmolive (Pakistan) Announces Substantial Dividend Amid Impressive Earnings

Karachi, Colgate-Palmolive (Pakistan) (COLG), a leading name in the chemical and consumer goods industry, announced a substantial dividend of 650% and a 145% bonus for 2024, following a generous distribution in the previous year. The company’s stock traded between Rs. 1640 and Rs. 1301, with a turnover of 195,000 shares. The daily weighted average was Rs. 1331.16, slightly above the day’s closing rate of Rs. 1329.86. With a paid-up capital of Rs. 2,427.73 million, Colgate-Palmolive reported an EPS of Rs. 42.88 for Jan-Feb 2024, indicating robust performance and dominance in its sector.