Colgate-Palmolive Company to Issue Quarterly Dividend of $0.53 (NYSE:CL)

Colgate-Palmolive Company (NYSE:CL) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Monday, July 20th will be paid a dividend of 0.53 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, July 20th.

Colgate-Palmolive has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 63 consecutive years. Colgate-Palmolive has a dividend payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Colgate-Palmolive to earn $4.04 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 52.5%.

Colgate-Palmolive Stock Down 0.5%

Shares of NYSE CL opened at $89.48 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 4.74 and a beta of 0.33. Colgate-Palmolive has a 12 month low of $74.54 and a 12 month high of $99.33. The stock has a 50-day moving average price of $86.77 and a two-hundred day moving average price of $86.23.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.22 billion. Colgate-Palmolive had a return on equity of 386.76% and a net margin of 10.04%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, analysts forecast that Colgate-Palmolive will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.