Colgate Palmolive India Ltd has announced that the Board of Directors of the Company at its meeting held on March 09, 2007, has declared a second interim dividend of 32.5% i.e. Rs 3.25 per equity share of Rs 10/- for the financial year ending March 31, 2007. The said interim dividend will be paid on the paid-up equity share capital of Rs 135.99 crores involving a total pay-out of Rs 50.00 crores (including dividend distribution tax).