Colgate Palmolive - India Smiling

[dd1474]

Revised calculation to correct small error having material impact. My apology for error in calculation

ValuePickr - Chintan Baithak 2019 Indian Equities Market Past Return

I made small mistake in Calculation of return. For CY1979, the company declared dividend of Rs 6.68 per share. However, the IPO of company was on 1 March 1979. During that time, the shareholder of new share used to get prorata dividend for the period for which new shares issued. Hence, instead of for full 12 months, only 10 months dividend would have accrued to the shareholder who got new shares. So dividend of Rs 6.60 per share, would reduce to Rs 5.50 for new investor. Just one small change of…