Colgate-Palmolive (CL) To Go Ex-Dividend on January 21st

Colgate-Palmolive (NYSE:CL) declared a quarterly dividend on Thursday, January 13th, RTT News reports. Stockholders of record on Monday, January 24th will be paid a dividend of 0.45 per share on Tuesday, February 15th. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, January 21st.

Colgate-Palmolive has increased its dividend payment by 7.8% over the last three years and has raised its dividend annually for the last 58 consecutive years. Colgate-Palmolive has a payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colgate-Palmolive to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 53.3%.

Shares of NYSE:CL opened at $83.45 on Friday. The company has a fifty day moving average of $80.51 and a 200-day moving average of $79.18. The company has a market capitalization of $70.34 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 4.27 and a beta of 0.64. The company has a debt-to-equity ratio of 7.48, a quick ratio of 0.70 and a current ratio of 1.09. Colgate-Palmolive has a 52-week low of $74.01 and a 52-week high of $85.61.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Thursday, October 28th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Colgate-Palmolive had a net margin of 15.37% and a return on equity of 297.62%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Colgate-Palmolive’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Colgate-Palmolive will post 3.21 EPS for the current fiscal year.

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and upped their price target for the company from $84.00 to $86.00 in a research report on Monday, September 20th. Bank of America assumed coverage on shares of Colgate-Palmolive in a research report on Tuesday, October 5th. They set a “neutral” rating on the stock. Redburn Partners assumed coverage on shares of Colgate-Palmolive in a research report on Thursday, December 16th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $82.00 price target on the stock. in a research report on Tuesday, November 9th. Finally, Berenberg Bank cut their price target on shares of Colgate-Palmolive from $85.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.73.

In other Colgate-Palmolive news, CEO Noel R. Wallace sold 145,200 shares of the stock in a transaction dated Thursday, November 4th. The shares were sold at an average price of $77.18, for a total value of $11,206,536.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John W. Kooyman sold 576 shares of the stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $77.14, for a total transaction of $44,432.64. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Colgate-Palmolive Company Profile

Colgate-Palmolive Co is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors.

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Dividend History for Colgate-Palmolive (NYSE:CL)

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