Colgate-Palmolive Company (CL) to Issue Quarterly Dividend of $0.53 on November 13th

Colgate-Palmolive Company (NYSE:CL) declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Tuesday, October 20th will be given 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 is Tuesday, October 20th.

Colgate-Palmolive has increased its dividend payment by an average of 0.0%per year over the last three years and has increased 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. Equities 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 Stock Performance

Shares of NYSE:CL opened at $87.50 on Friday. The company has a debt-to-equity ratio of 13.82, a current ratio of 1.03 and a quick ratio of 0.67. Colgate-Palmolive has a 1 year low of $74.54 and a 1 year high of $99.33. The firm has a market capitalization of $69.75 billion, a PE ratio of 34.72, a P/E/G ratio of 4.09 and a beta of 0.33. The business’s 50 day moving average price is $90.79 and its 200-day moving average price is $89.25.

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

Colgate-Palmolive Company Profile

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.