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

Colgate-Palmolive Company (NYSE:CL) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Tuesday, October 20th will be paid a dividend of 0.53 per share on Friday, November 13th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 20th.

Colgate-Palmolive has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 63 years. Colgate-Palmolive has a payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Colgate-Palmolive to earn $4.08 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 52.0%.

Colgate-Palmolive Trading Up 0.7%

Shares of NYSE:CL opened at $87.67 on Friday. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 4.06 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 company’s fifty day simple moving average is $90.88 and its 200 day simple moving average is $89.27. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 13.82.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Colgate-Palmolive had a net margin of 9.68% and a return on equity of 464.63%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that Colgate-Palmolive will post 3.87 EPS for the current fiscal year.

About Colgate-Palmolive

Colgate-Palmolive Company (NYSE:CL) is a global consumer products company focused on oral care, personal care, home care and pet nutrition. Its products are sold in more than 200 countries and territories through retail stores, e-commerce channels and professional networks.

The company’s portfolio includes Colgate toothpaste, toothbrushes and mouthwashes; Palmolive and Softsoap personal care products; Ajax and other household cleaning products; and Hill’s Science Diet and Prescription Diet pet foods.