Colgate Announces Dividend Increase – Effective 2nd Quarter 2021

Rhea-AI Summary

The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has announced an increase in the quarterly dividend to $0.45 per share from $0.44, effective in Q2 2021. The new dividend will be paid on May 14, 2021 to shareholders of record by April 21, 2021. This raises the annualized dividend to $1.80 from $1.76. Colgate-Palmolive has consistently paid dividends since 1895, underscoring its commitment to returning value to shareholders.

Positive

• Quarterly dividend increased to $0.45, up from $0.44.
• Annualized dividend rate now $1.80, an increase from $1.76.
• Company's longstanding history of uninterrupted dividends since 1895.

Negative

• None.

The Board of Directors of Colgate-Palmolive Company (NYSE:CL) today increased the quarterly common stock cash dividend to $0.45 per share, up from $0.44 per share. The increase will be effective in the second quarter, 2021. The Board declared that the second quarter dividend is to be paid on May 14, 2021 to shareholders of record as of April 21, 2021. On an annualized basis, the new dividend rate is $1.80 versus $1.76 per share previously. The Company has paid uninterrupted dividends on its common stock since 1895.

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About Colgate-Palmolive: Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, the Company sells its products in more than 200 countries and territories under brands, such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA Skin, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. The Company is recognized for its leadership and innovation in promoting environmental sustainability and community well-being, including its achievements in saving water, reducing waste, promoting recyclability and improving children’s oral health through its Bright Smiles, Bright Futures program, which has reached more than one billion children since 1991. For more information about Colgate’s global business and how the Company is building a future to smile about, visit www.colgatepalmolive.com. CL-D

View source version on businesswire.com: https://www.businesswire.com/news/home/20210311005909/en/

FAQ

What is the new dividend amount for Colgate-Palmolive (CL)?

The new dividend amount is $0.45 per share.

When will the new dividend for Colgate-Palmolive (CL) be paid?

The new dividend will be paid on May 14, 2021.

What is the record date for Colgate-Palmolive's (CL) dividend payment?

The record date for the dividend payment is April 21, 2021.

How long has Colgate-Palmolive (CL) been paying dividends?

Colgate-Palmolive has been paying uninterrupted dividends since 1895.