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Karachi, In a recent meeting held on June 6, 2023, the Board of Directors of Colgate-Palmolive Pakistan Limited made significant recommendations regarding the company’s financial rewards for its shareholders.
The first recommendation entails the declaration of an interim cash dividend for the fiscal year ending on June 30, 2023. Shareholders are set to receive Rs. 40.00 per share of Rs. 10.00 each, reflecting a substantial 400% return on investment.
Additionally, the Board proposed the issuance of interim bonus shares. Shareholders will receive one bonus share for every one share held, resulting in a bonus share entitlement of 100%.
These entitlements will be granted to shareholders whose names appear in the Register of Members on June 15, 2023. To facilitate the necessary administrative processes, the Share Transfer Books of the company will be temporarily closed from June 16, 2023, to June 19, 2023.